Creek Drive Management Group LLC Takes $649,000 Position in Taboola.com Ltd. $TBLA

Creek Drive Management Group LLC purchased a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 140,800 shares of the company’s stock, valued at approximately $649,000. Creek Drive Management Group LLC owned approximately 0.06% of Taboola.com at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Abacus Wealth Partners LLC acquired a new position in Taboola.com during the fourth quarter worth $48,000. Headlands Technologies LLC acquired a new stake in Taboola.com in the second quarter valued at $43,000. DGS Capital Management LLC acquired a new stake in Taboola.com in the fourth quarter valued at $55,000. Quarry LP purchased a new position in shares of Taboola.com in the third quarter valued at $42,000. Finally, Captrust Financial Advisors purchased a new position in shares of Taboola.com in the second quarter valued at $46,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Stock Performance

NASDAQ TBLA opened at $4.70 on Friday. Taboola.com Ltd. has a fifty-two week low of $2.84 and a fifty-two week high of $5.26. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 12.37 and a beta of 1.51. The business has a fifty day moving average of $4.47 and a 200-day moving average of $3.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.21. The business had revenue of $466.39 million for the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) earnings per share. As a group, analysts predict that Taboola.com Ltd. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TBLA has been the topic of several recent research reports. Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. TD Cowen raised their target price on shares of Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a report on Monday, May 11th. Rosenblatt Securities lifted their target price on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Benchmark upped their price target on shares of Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Insider Transactions at Taboola.com

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the sale, the insider directly owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.60% of the company’s stock.

Taboola.com Company 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.