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

Bridgeway Capital Management LLC raised its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 1,257.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,362,422 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TBLA. Wellington Management Group LLP raised its stake in shares of Taboola.com by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock valued at $70,102,000 after acquiring an additional 1,109,602 shares in the last quarter. Phoenix Financial Ltd. increased its stake in shares of Taboola.com by 1.4% during the fourth quarter. Phoenix Financial Ltd. now owns 7,397,680 shares of the company's stock valued at $27,002,000 after buying an additional 98,800 shares during the period. Renaissance Technologies LLC increased its position in Taboola.com by 40.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company's stock valued at $5,644,000 after purchasing an additional 443,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Taboola.com by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company's stock valued at $5,404,000 after acquiring an additional 63,324 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Taboola.com by 25.5% in the 4th quarter. Marshall Wace LLP now owns 1,223,998 shares of the company's stock valued at $4,468,000 after acquiring an additional 248,412 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. Citizens Jmp downgraded shares of Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. B. Riley raised Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price target on the stock in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $4.00 price objective on shares of Taboola.com in a research report on Thursday, March 27th. Finally, Benchmark dropped their target price on Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $4.25.

Taboola.com Stock Performance

Shares of TBLA traded up $0.03 during trading hours on Tuesday, reaching $3.43. 693,671 shares of the company traded hands, compared to its average volume of 1,263,527. The stock has a market capitalization of $1.10 billion, a P/E ratio of -34.30 and a beta of 1.21. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $2.92 and a 200-day moving average price of $3.38. Taboola.com Ltd. has a 12-month low of $2.50 and a 12-month high of $4.47.

Taboola.com announced that its board has initiated a stock repurchase program on Wednesday, February 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 22.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Activity

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

Taboola.com 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.