Susquehanna Fundamental Investments LLC Invests $1.04 Million in Taboola.com Ltd. (NASDAQ:TBLA)

Susquehanna Fundamental Investments LLC purchased a new position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 285,435 shares of the company's stock, valued at approximately $1,042,000. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Taboola.com at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Taboola.com in the 4th quarter worth approximately $68,000. Virtu Financial LLC acquired a new position in Taboola.com in the fourth quarter worth approximately $81,000. KLP Kapitalforvaltning AS bought a new position in shares of Taboola.com in the fourth quarter valued at $109,000. Harbor Capital Advisors Inc. lifted its position in shares of Taboola.com by 22.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company's stock valued at $121,000 after acquiring an additional 6,094 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Taboola.com by 1,218.5% during the 3rd quarter. Barclays PLC now owns 36,431 shares of the company's stock worth $122,000 after acquiring an additional 33,668 shares in the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Stock Down 5.0 %

Shares of TBLA stock traded down $0.15 during trading on Wednesday, hitting $2.94. 1,895,213 shares of the company were exchanged, compared to its average volume of 1,249,975. The business's 50-day simple moving average is $2.88 and its 200 day simple moving average is $3.39. Taboola.com Ltd. has a twelve month low of $2.50 and a twelve month high of $4.60. The firm has a market capitalization of $865.59 million, a price-to-earnings ratio of -29.45 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 has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to buy up to 22.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $4.00 price target on shares of Taboola.com in a research note on Thursday, March 27th. Benchmark restated a "buy" rating and set a $4.50 price target on shares of Taboola.com in a report on Thursday, March 27th. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. JMP Securities lowered their price objective on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a research report on Monday, January 27th. Finally, Citizens Jmp lowered Taboola.com from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $4.38.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, CEO Adam Singolda acquired 60,229 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the transaction, the chief executive officer now owns 14,462,943 shares in the company, valued at $39,339,204.96. The trade was a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Zvi Limon purchased 168,506 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $2.93 per share, for a total transaction of $493,722.58. Following the purchase, the director now owns 2,987,383 shares in the company, valued at $8,753,032.19. The trade was a 5.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 22.40% of the company's stock.

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.