Taboola.com Ltd. (NASDAQ:TBLA) Shares Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in Taboola.com Ltd. by 63.6%, owning 997,057 shares valued at approximately $2.94 million, making it the firm's 15th largest holding.
• Analysts have raised price targets for Taboola.com, with B. Riley setting a $4.00 price objective and Needham & Company adjusting it to $4.50, leading to a consensus rating of "Moderate Buy."
• Insider trading activity includes COO Eldad Maniv selling 20,083 shares for about $75,311, representing a slight decrease in ownership while insiders hold 22.40% of the company’s stock.

GSA Capital Partners LLP boosted its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 63.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 997,057 shares of the company's stock after buying an additional 387,777 shares during the quarter. Taboola.com accounts for about 0.3% of GSA Capital Partners LLP's holdings, making the stock its 15th biggest holding. GSA Capital Partners LLP owned approximately 0.34% of Taboola.com worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bridgeway Capital Management LLC boosted its stake in shares of Taboola.com by 1,257.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,362,422 shares of the company's stock valued at $4,973,000 after purchasing an additional 1,262,042 shares during the period. Wellington Management Group LLP boosted its stake in shares of Taboola.com by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock valued at $70,102,000 after purchasing an additional 1,109,602 shares during the period. Millennium Management LLC boosted its stake in shares of Taboola.com by 42.9% in the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock valued at $8,094,000 after purchasing an additional 665,944 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Taboola.com by 40.2% in the fourth 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. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Taboola.com in the fourth quarter valued at approximately $1,042,000. Hedge funds and other institutional investors own 42.89% of the company's stock.

Taboola.com Stock Down 1.1%

Taboola.com stock traded down $0.04 during trading on Friday, reaching $3.18. The stock had a trading volume of 730,977 shares, compared to its average volume of 1,700,915. Taboola.com Ltd. has a 52-week low of $2.50 and a 52-week high of $4.30. The business has a 50 day moving average price of $3.56 and a 200 day moving average price of $3.35. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.02 billion, a PE ratio of 79.39 and a beta of 1.28.

Insiders Place Their Bets

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the sale, the chief operating officer owned 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.70% of the company's stock.

Wall Street Analyst Weigh In

TBLA has been the subject of several recent research reports. B. Riley raised shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price objective for the company in a research note on Thursday, May 8th. Needham & Company LLC lifted their price target 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. Finally, Benchmark decreased 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, May 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Taboola.com currently has an average rating of "Moderate Buy" and an average target price of $4.38.

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.