Taboola.com Ltd. (NASDAQ:TBLA) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 168.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,793 shares of the company's stock after purchasing an additional 94,555 shares during the period. Squarepoint Ops LLC owned about 0.05% of Taboola.com worth $550,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in Taboola.com during the fourth quarter worth $81,000. Aquatic Capital Management LLC purchased a new stake in shares of Taboola.com during the fourth quarter worth about $103,000. KLP Kapitalforvaltning AS acquired a new position in shares of Taboola.com during the 4th quarter worth about $109,000. Man Group plc purchased a new position in Taboola.com in the 4th quarter valued at about $180,000. Finally, Quantbot Technologies LP boosted its holdings in Taboola.com by 61.5% in the 4th quarter. Quantbot Technologies LP now owns 55,863 shares of the company's stock worth $204,000 after buying an additional 21,281 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Trading Up 1.8%

Shares of TBLA traded up $0.07 during midday trading on Friday, hitting $3.63. 534,233 shares of the stock were exchanged, compared to its average volume of 1,326,982. Taboola.com Ltd. has a 52-week low of $2.50 and a 52-week high of $4.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a fifty day simple moving average of $3.12 and a 200 day simple moving average of $3.40. The firm has a market cap of $1.17 billion, a P/E ratio of -36.25 and a beta of 1.29.

Taboola.com announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to buy up to 22.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a report on Wednesday, February 26th. Benchmark decreased their price target 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. Citizens Jmp cut Taboola.com from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. B. Riley upgraded shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price objective on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $4.00 target price on shares of Taboola.com in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned 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 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.