PDT Partners LLC Sells 101,103 Shares of Taboola.com Ltd. $TBLA

Key Points

• PDT Partners LLC reduced its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 50.9% in the first quarter, holding 97,335 shares valued at $287,000 after selling over 101,000 shares.
• Several large investors, including Voya Investment Management and Northern Trust Corp, increased their holdings in Taboola.com during the fourth quarter, indicating growing institutional interest.
• Taboola.com has received mixed analyst ratings, with one downgrade to a "hold" rating, while others maintain a "buy" rating with a price target increase to $4.50.

PDT Partners LLC decreased its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 50.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,335 shares of the company's stock after selling 101,103 shares during the period. PDT Partners LLC's holdings in Taboola.com were worth $287,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC lifted its position in shares of Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company's stock worth $33,000 after buying an additional 4,502 shares during the period. Baird Financial Group Inc. bought a new stake in Taboola.com in the first quarter valued at $59,000. Wolverine Trading LLC raised its stake in Taboola.com by 98.4% during the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after acquiring an additional 8,463 shares in the last quarter. Royce & Associates LP bought a new position in shares of Taboola.com during the first quarter valued at $86,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Taboola.com by 16.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock valued at $122,000 after purchasing an additional 5,829 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TBLA has been the subject of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Wall Street Zen lowered Taboola.com from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, B. Riley upped their target price 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $4.50.

Taboola.com Stock Performance

NASDAQ TBLA traded up $0.01 on Tuesday, hitting $3.42. 712,569 shares of the stock were exchanged, compared to its average volume of 1,647,257. The company has a market capitalization of $905.27 million, a PE ratio of 85.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The business's fifty day moving average is $3.41 and its 200 day moving average is $3.25. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.30.

Insider Transactions at Taboola.com

In related news, COO Eldad Maniv sold 20,083 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the completion of the sale, the chief operating officer directly owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Erez Shachar sold 27,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the transaction, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,183 shares of company stock worth $174,467. 22.40% of the stock is owned by insiders.

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.