Wealthedge Investment Advisors LLC Makes New $304,000 Investment in Taboola.com Ltd. $TBLA

Key Points

• Wealthedge Investment Advisors LLC acquired a new stake in Taboola.com Ltd. by purchasing 103,006 shares, valued at approximately $304,000.
• Significant institutional activity includes Bridgeway Capital Management increasing its stake in Taboola.com by 1,257.3%, now owning over 1.3 million shares, while corporate insiders hold 24.70% of the stock.
• Taboola.com shares have a current market price of $3.32, with analyst ratings indicating a consensus of "Moderate Buy" and an average price target of $4.50.

Wealthedge Investment Advisors LLC acquired a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 103,006 shares of the company's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in Taboola.com by 65.8% during the first quarter. CWM LLC now owns 11,348 shares of the company's stock valued at $33,000 after purchasing an additional 4,502 shares in the last quarter. Wolverine Trading LLC lifted its holdings in Taboola.com by 98.4% during 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 in the last quarter. Aquatic Capital Management LLC purchased a new position in Taboola.com during the fourth quarter valued at $103,000. Royce & Associates LP purchased a new position in Taboola.com during the first quarter valued at $86,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Taboola.com by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock valued at $122,000 after purchasing an additional 5,829 shares in the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Price Performance

Shares of NASDAQ:TBLA traded up $0.0150 during midday trading on Thursday, hitting $3.2550. The company's stock had a trading volume of 243,080 shares, compared to its average volume of 1,677,249. The business's 50 day simple moving average is $3.47 and its 200 day simple moving average is $3.31. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market cap of $861.60 million, a P/E ratio of 81.38 and a beta of 1.27. Taboola.com Ltd. has a 12-month low of $2.50 and a 12-month high of $4.30.

Insider Buying and Selling

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of Taboola.com stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the transaction, the chief operating officer directly owned 10,872,377 shares of the company's stock, valued at $40,771,413.75. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 24.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TBLA. Needham & Company LLC increased their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a report on Tuesday, June 17th. Benchmark decreased their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, B. Riley raised their price target on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $4.50.

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.