Acadian Asset Management LLC Increases Position in Taboola.com Ltd. $TBLA

Key Points

• Acadian Asset Management LLC increased its holdings in Taboola.com by 13.1%, acquiring an additional 332,660 shares and owning a total of 2,875,922 shares valued at approximately $8.5 million at the end of the quarter.
• Taboola.com received bullish ratings from multiple analysts, with B. Riley and Needham & Company both raising their price targets to $4.50 and assigning a "buy" rating.
• Insider selling occurred as COO Eldad Maniv sold 20,083 shares for around $75,311, while Director Erez Shachar sold 27,000 shares for approximately $91,260, indicating a decrease in their positions.

Acadian Asset Management LLC lifted its position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,875,922 shares of the company's stock after buying an additional 332,660 shares during the period. Acadian Asset Management LLC owned about 0.89% of Taboola.com worth $8,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of Taboola.com by 41.1% in the first quarter. Empowered Funds LLC now owns 722,984 shares of the company's stock worth $2,133,000 after buying an additional 210,562 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Taboola.com by 15.5% in the first quarter. Bridgeway Capital Management LLC now owns 1,572,984 shares of the company's stock worth $4,640,000 after buying an additional 210,562 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Taboola.com by 60.6% in the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company's stock worth $2,946,000 after buying an additional 376,684 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Taboola.com by 59.0% in the first quarter. Cubist Systematic Strategies LLC now owns 573,067 shares of the company's stock worth $1,691,000 after buying an additional 212,584 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Taboola.com in the first quarter worth approximately $59,000. Institutional investors own 42.89% of the company's stock.

Taboola.com Stock Performance

Taboola.com stock traded down $0.01 during trading on Thursday, reaching $3.52. The company had a trading volume of 627,177 shares, compared to its average volume of 1,632,014. The firm's 50-day simple moving average is $3.38 and its 200 day simple moving average is $3.26. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.30. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $930.42 million, a price-to-earnings ratio of 87.88 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TBLA shares. Needham & Company LLC upped their target price on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. B. Riley increased their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Taboola.com from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $4.50.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $3.38, for a total transaction of $91,260.00. Following the completion of the sale, the director owned 218,827 shares of the company's stock, valued at approximately $739,635.26. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 24.70% of the company's stock.

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.