Taboola.com Ltd. $TBLA Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Taboola.com by 99.3% in the first quarter, owning 246,629 shares valued at approximately $728,000 by quarter's end.
• Several large institutional investors, including Millennium Management LLC and Northern Trust Corp, have also recently boosted their positions in Taboola.com, indicating growing confidence in the company's prospects.
• Brokerages have mixed ratings on Taboola.com, with an average consensus price target of $4.50, reflecting both buy and hold recommendations from analysts.

Jump Financial LLC raised its position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 99.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,629 shares of the company's stock after purchasing an additional 122,905 shares during the quarter. Jump Financial LLC owned 0.08% of Taboola.com worth $728,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. CWM LLC lifted its stake in 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 acquiring an additional 4,502 shares in the last quarter. Wolverine Trading LLC boosted its stake in shares of Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after purchasing an additional 8,463 shares during the period. Royce & Associates LP acquired a new position in shares of Taboola.com in the first quarter valued at approximately $86,000. Aquatic Capital Management LLC purchased a new stake in Taboola.com during the 4th quarter worth approximately $103,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Taboola.com by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock worth $122,000 after buying an additional 5,829 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Price Performance

Taboola.com stock traded down $0.04 during mid-day trading on Thursday, reaching $3.34. The company had a trading volume of 615,049 shares, compared to its average volume of 1,657,342. Taboola.com Ltd. has a 1 year low of $2.50 and a 1 year high of $4.30. The company has a market capitalization of $882.77 million, a P/E ratio of 83.38 and a beta of 1.27. The stock's 50-day simple moving average is $3.42 and its 200-day simple moving average is $3.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the completion of the transaction, the chief operating officer directly owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. The trade was a 0.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erez Shachar sold 27,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total transaction of $91,260.00. Following the sale, the director directly owned 218,827 shares of the company's stock, 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. Insiders sold 49,183 shares of company stock worth $174,467 over the last 90 days. Company insiders own 22.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on TBLA shares. Wall Street Zen downgraded shares of Taboola.com from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Benchmark cut their price target on Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. B. Riley increased their price target on Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC boosted their price objective on Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $4.50.

Taboola.com 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.