Squarepoint Ops LLC Increases Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

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

Several other institutional investors have also recently made changes to their positions in TBLA. Virtu Financial LLC purchased a new stake in shares of Taboola.com during the fourth quarter worth about $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 purchased a new stake in shares of Taboola.com during the fourth quarter worth about $109,000. Man Group plc purchased a new stake in shares of Taboola.com during the fourth quarter worth about $180,000. Finally, Quantbot Technologies LP grew its position in shares of Taboola.com by 61.5% during the fourth quarter. Quantbot Technologies LP now owns 55,863 shares of the company's stock worth $204,000 after purchasing an additional 21,281 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TBLA shares. Citizens Jmp cut Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Oppenheimer reissued a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. Benchmark dropped their price target on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. B. Riley raised Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price target for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $4.00 price target on shares of Taboola.com in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $4.25.

Taboola.com Price Performance

Taboola.com stock traded up $0.08 during midday trading on Friday, reaching $3.64. 809,746 shares of the stock traded hands, compared to its average volume of 1,325,941. The stock has a market cap of $1.17 billion, a P/E ratio of -36.40 and a beta of 1.29. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.30. The stock's fifty day moving average is $3.13 and its 200-day moving average is $3.41. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com announced that its board has initiated a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 22.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.