Taboola.com Ltd. (NASDAQ:TBLA) Shares Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 1,257.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,362,422 shares of the company's stock after purchasing an additional 1,262,042 shares during the period. Bridgeway Capital Management LLC owned about 0.47% of Taboola.com worth $4,973,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Taboola.com by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company's stock worth $2,443,000 after purchasing an additional 257,009 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new position in shares of Taboola.com during the fourth quarter worth $1,724,000. Empowered Funds LLC lifted its position in shares of Taboola.com by 410.5% during the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company's stock worth $1,870,000 after purchasing an additional 412,042 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Taboola.com by 61.5% during the fourth quarter. Quantbot Technologies LP now owns 55,863 shares of the company's stock worth $204,000 after purchasing an additional 21,281 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Taboola.com during the fourth quarter worth $81,000. 42.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Taboola.com

In other news, CEO Adam Singolda purchased 60,229 shares of Taboola.com stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the acquisition, the chief executive officer now owns 14,462,943 shares in the company, valued at $39,339,204.96. The trade was a 0.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Zvi Limon purchased 168,506 shares of Taboola.com stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $2.93 per share, with a total value of $493,722.58. Following the acquisition, the director now owns 2,987,383 shares of the company's stock, valued at approximately $8,753,032.19. This trade represents a 5.98% increase in their position. The disclosure for this purchase can be found here. 24.70% of the stock is owned by insiders.

Analysts Set New Price Targets

TBLA has been the topic of a number of recent research reports. Oppenheimer reissued a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. B. Riley upgraded shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price target for the company in a research note on Thursday. Citizens Jmp lowered shares of Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. JMP Securities dropped their price target on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a research note on Monday, January 27th. Finally, Benchmark dropped their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.25.

Taboola.com Stock Performance

TBLA stock traded up $0.07 during trading on Monday, hitting $3.41. 1,445,707 shares of the company's stock traded hands, compared to its average volume of 1,264,236. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.47. The stock has a fifty day moving average price of $2.91 and a two-hundred day moving average price of $3.38. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -34.05 and a beta of 1.21.

Taboola.com declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to buy up to 22.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Taboola.com Company Profile

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.