Taboola.com Ltd. $TBLA Stake Increased by LSV Asset Management

LSV Asset Management grew its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,608,389 shares of the company’s stock after purchasing an additional 624,831 shares during the period. LSV Asset Management’s holdings in Taboola.com were worth $12,025,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of Taboola.com by 51.1% in the fourth quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock valued at $81,000 after purchasing an additional 5,944 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Taboola.com by 20.1% in the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock valued at $176,000 after purchasing an additional 8,500 shares in the last quarter. CWM LLC lifted its holdings in shares of Taboola.com by 25.5% in the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock valued at $194,000 after purchasing an additional 8,558 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Taboola.com by 16.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock valued at $273,000 after purchasing an additional 8,886 shares in the last quarter. Finally, Abacus Wealth Partners LLC purchased a new stake in shares of Taboola.com in the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Price Performance

Shares of NASDAQ:TBLA opened at $4.92 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. Taboola.com Ltd. has a 1 year low of $2.84 and a 1 year high of $5.26. The business has a fifty day simple moving average of $3.85 and a 200 day simple moving average of $3.87. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 12.95 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The business had revenue of $466.40 million during the quarter, compared to analyst estimates of $453.30 million. During the same period last year, the company earned ($0.03) earnings per share. Taboola.com’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Taboola.com Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Needham & Company LLC increased their target price on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a report on Thursday, May 7th. TD Cowen increased their price objective on Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Zacks Research lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $5.90.

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.