Arizona State Retirement System Purchases New Shares in Taboola.com Ltd. (NASDAQ:TBLA)

Arizona State Retirement System acquired a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,871 shares of the company’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of Taboola.com by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock worth $78,000 after purchasing an additional 4,030 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Taboola.com by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after acquiring an additional 2,726 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Taboola.com in the third quarter valued at approximately $145,000. Barclays PLC acquired a new stake in shares of Taboola.com in the second quarter worth approximately $148,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Taboola.com during the third quarter worth approximately $185,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $3.99 on Tuesday. The firm has a market cap of $1.18 billion, a PE ratio of -16.63 and a beta of 1.37. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. Taboola.com Ltd. has a 52 week low of $2.16 and a 52 week high of $5.00. The business’s fifty day simple moving average is $4.39 and its 200-day simple moving average is $4.13.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $419.80 million for the quarter, compared to analysts’ expectations of $436.96 million. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. Taboola.com’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Equities analysts forecast that Taboola.com Ltd. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TBLA. Needham & Company LLC restated a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a report on Thursday, March 28th. TheStreet upgraded Taboola.com from a “d+” rating to a “c-” rating in a research report on Friday, January 19th. Finally, Oppenheimer lifted their price target on Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com has a consensus rating of “Buy” and a consensus price target of $5.94.

Insider Transactions at Taboola.com

In other Taboola.com news, CTO Lior Golan sold 23,211 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $4.86, for a total value of $112,805.46. Following the sale, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at $12,370,114.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 55,325 shares of company stock worth $269,318. 23.49% of the stock is currently owned by insiders.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.