Taboola.com Ltd. $TBLA Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 18.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,349,179 shares of the company’s stock after selling 1,000,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 1.64% of Taboola.com worth $14,831,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Atria Wealth Solutions Inc. purchased a new position in shares of Taboola.com during the 2nd quarter worth $37,000. Pallas Capital Advisors LLC purchased a new position in Taboola.com during the second quarter worth about $41,000. Headlands Technologies LLC acquired a new stake in shares of Taboola.com during the second quarter valued at about $43,000. Captrust Financial Advisors acquired a new stake in shares of Taboola.com during the second quarter valued at about $46,000. Finally, Cerity Partners LLC purchased a new stake in shares of Taboola.com in the 2nd quarter valued at approximately $58,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th. Rosenblatt Securities started coverage on Taboola.com in a research report on Friday, December 19th. They set a “buy” rating and a $6.00 price target for the company. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, BTIG Research began coverage on Taboola.com in a research note on Tuesday, October 7th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4.80.

Taboola.com Stock Performance

NASDAQ:TBLA opened at $4.09 on Wednesday. The company has a fifty day simple moving average of $4.15 and a two-hundred day simple moving average of $3.67. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 51.13 and a beta of 1.26. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.65.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The company had revenue of $496.76 million during the quarter, compared to analysts’ expectations of $465.57 million. During the same quarter last year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis.

Insider Buying and Selling

In other news, Director Nechemia Jacob Peres sold 6,387,648 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $3.67, for a total value of $23,442,668.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Eldad Maniv sold 414,816 shares of Taboola.com stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total transaction of $1,568,004.48. Following the sale, the chief operating officer directly owned 10,392,460 shares of the company’s stock, valued at approximately $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,812,509 shares of company stock worth $25,048,341 over the last 90 days. Insiders own 22.40% of the company’s stock.

Taboola.com Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.