508,709 Shares in Taboola.com Ltd. $TBLA Purchased by Prescott Group Capital Management L.L.C.

Key Points

• Prescott Group Capital Management opened a position in Taboola.com, buying 508,709 shares worth about $1.71 million, or roughly 0.20% of the company.
• Institutional investors own 42.89% of Taboola shares, and several other funds also recently established positions.
• Analysts give Taboola a consensus “Moderate Buy” rating with a $5.75 target price; shares opened at $3.40, within a 12-month range of $2.84 to $5.71.

Prescott Group Capital Management L.L.C. bought a new stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 508,709 shares of the company's stock, valued at approximately $1,709,000. Prescott Group Capital Management L.L.C. owned approximately 0.20% of Taboola.com at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Taboola.com in the 2nd quarter valued at $26,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Taboola.com during the 2nd quarter valued at about $50,000. State of Alaska Department of Revenue acquired a new stake in shares of Taboola.com during the 3rd quarter valued at about $33,000. Corient Private Wealth LP acquired a new stake in shares of Taboola.com during the 2nd quarter valued at about $69,000. Finally, AXQ Capital LP bought a new stake in Taboola.com in the second quarter valued at about $100,000. 42.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TBLA has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $7.00 price target on shares of Taboola.com in a research report on Thursday, August 6th. Benchmark decreased their price objective on Taboola.com from $6.50 to $5.50 and set a "buy" rating on the stock in a report on Thursday, August 6th. TD Cowen decreased their price objective on Taboola.com from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Weiss Ratings lowered Taboola.com from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, October 12th. Finally, Wall Street Zen cut Taboola.com from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Taboola.com presently has an average rating of "Moderate Buy" and a consensus target price of $5.75.

Taboola.com Price Performance

NASDAQ:TBLA opened at $3.40 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. The firm has a market cap of $857.21 million, a PE ratio of 8.50 and a beta of 1.48. Taboola.com Ltd. has a 12 month low of $2.84 and a 12 month high of $5.71. The company's 50-day moving average price is $3.55 and its two-hundred day moving average price is $4.00.

Taboola.com Profile

Taboola.com Ltd. is a technology company that operates a digital advertising and content-discovery platform. Its technology uses data and machine learning to recommend articles, videos, products and other content to users across publisher websites, mobile applications and digital devices.

Taboola provides publishers with tools to increase audience engagement and generate revenue, including recommendation modules, personalized content feeds, video solutions and commerce-related discovery products.

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