Two Sigma Advisers LP Has $1.30 Million Stake in Taboola.com Ltd. (NASDAQ:TBLA)

Two Sigma Advisers LP boosted its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 184.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,000 shares of the company's stock after purchasing an additional 230,400 shares during the period. Two Sigma Advisers LP owned about 0.12% of Taboola.com worth $1,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meitav Investment House Ltd. grew its stake in Taboola.com by 9.4% in the fourth quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company's stock valued at $279,000 after acquiring an additional 6,500 shares during the period. Voya Investment Management LLC lifted its stake in Taboola.com by 18.8% in the 4th quarter. Voya Investment Management LLC now owns 103,054 shares of the company's stock worth $376,000 after purchasing an additional 16,333 shares in the last quarter. R Squared Ltd purchased a new position in Taboola.com in the 4th quarter worth approximately $68,000. XTX Topco Ltd raised its stake in shares of Taboola.com by 31.2% during the fourth quarter. XTX Topco Ltd now owns 79,018 shares of the company's stock worth $288,000 after acquiring an additional 18,789 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of Taboola.com by 25.7% during the fourth quarter. State of Wyoming now owns 94,683 shares of the company's stock valued at $346,000 after purchasing an additional 19,357 shares during the period. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Stock Up 0.6%

NASDAQ:TBLA traded up $0.02 on Wednesday, reaching $3.58. The stock had a trading volume of 791,289 shares, compared to its average volume of 1,325,526. The stock has a market cap of $1.15 billion, a P/E ratio of -35.80 and a beta of 1.21. The company has a 50-day moving average of $3.11 and a 200 day moving average of $3.40. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 12-month low of $2.50 and a 12-month high of $4.30.

Taboola.com announced that its board has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

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

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.