Migdal Insurance & Financial Holdings Ltd. Boosts Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 20.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,043,235 shares of the company’s stock after acquiring an additional 700,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taboola.com were worth $17,507,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in shares of Taboola.com during the first quarter valued at approximately $36,000. Deutsche Bank AG acquired a new stake in shares of Taboola.com in the first quarter worth $25,000. Lazard Asset Management LLC acquired a new stake in shares of Taboola.com in the first quarter worth $54,000. WINTON GROUP Ltd acquired a new stake in Taboola.com during the 2nd quarter valued at $34,000. Finally, Quantbot Technologies LP acquired a new stake in Taboola.com during the 1st quarter valued at $58,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Taboola.com

In other news, CTO Lior Golan sold 21,927 shares of Taboola.com stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $4.88, for a total value of $107,003.76. Following the transaction, the chief technology officer now directly owns 2,545,291 shares of the company’s stock, valued at $12,421,020.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Eldad Maniv sold 33,141 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $4.01, for a total transaction of $132,895.41. Following the transaction, the chief operating officer now owns 8,894,229 shares of the company’s stock, valued at $35,665,858.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Lior Golan sold 21,927 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $4.88, for a total transaction of $107,003.76. Following the transaction, the chief technology officer now directly owns 2,545,291 shares in the company, valued at approximately $12,421,020.08. The disclosure for this sale can be found here. Insiders have sold a total of 88,466 shares of company stock valued at $402,213 over the last ninety days. Corporate insiders own 23.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TBLA. Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report on Tuesday, December 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report on Thursday, March 28th. B. Riley raised their price target on shares of Taboola.com from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, December 21st. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Finally, Oppenheimer increased their price objective on shares of Taboola.com from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $5.94.

Taboola.com Stock Performance

Shares of TBLA traded up $0.04 during mid-day trading on Wednesday, hitting $3.98. The company’s stock had a trading volume of 537,860 shares, compared to its average volume of 1,416,525. The firm has a 50-day moving average price of $4.45 and a 200 day moving average price of $4.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. Taboola.com Ltd. has a fifty-two week low of $2.16 and a fifty-two week high of $5.00.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, sell-side analysts anticipate that Taboola.com Ltd. will post 0.13 EPS for the current year.

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.