Two Sigma Advisers LP Acquires 230,400 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Two Sigma Advisers LP raised its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 184.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 355,000 shares of the company's stock after acquiring 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 reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in Taboola.com during the fourth quarter valued at approximately $68,000. Virtu Financial LLC bought a new position in shares of Taboola.com in the fourth quarter worth approximately $81,000. Aquatic Capital Management LLC bought a new position in shares of Taboola.com in the fourth quarter worth approximately $103,000. KLP Kapitalforvaltning AS bought a new position in shares of Taboola.com in the fourth quarter worth approximately $109,000. Finally, Man Group plc bought a new position in shares of Taboola.com in the fourth quarter worth approximately $180,000. 42.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Taboola.com Trading Down 1.9%

TBLA stock traded down $0.07 on Tuesday, reaching $3.57. The company's stock had a trading volume of 1,010,918 shares, compared to its average volume of 1,322,804. The business has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $3.40. Taboola.com Ltd. has a 12-month low of $2.50 and a 12-month high of $4.30. The firm has a market cap of $1.15 billion, a PE ratio of -35.70 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31.

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

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.