Creek Drive Management Group LLC Purchases Shares of 140,800 Taboola.com Ltd. $TBLA

Creek Drive Management Group LLC purchased a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 140,800 shares of the company’s stock, valued at approximately $649,000.

Other hedge funds have also made changes to their positions in the company. Abacus Wealth Partners LLC acquired a new stake in shares of Taboola.com during the fourth quarter worth $48,000. Headlands Technologies LLC acquired a new position in Taboola.com in the second quarter valued at $43,000. DGS Capital Management LLC acquired a new position in Taboola.com in the fourth quarter valued at $55,000. Quarry LP purchased a new position in Taboola.com during the third quarter worth about $42,000. Finally, Captrust Financial Advisors purchased a new position in Taboola.com during the second quarter worth about $46,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Zacks Research cut Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC upped their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Rosenblatt Securities increased their price objective on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Benchmark boosted their target price on shares of Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.90.

Taboola.com Price Performance

Shares of Taboola.com stock opened at $4.70 on Friday. Taboola.com Ltd. has a twelve month low of $2.84 and a twelve month high of $5.26. The stock has a market capitalization of $1.14 billion, a P/E ratio of 12.37 and a beta of 1.51. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $4.47 and its 200 day moving average price is $3.98.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.21. The company had revenue of $466.39 million during the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) earnings per share. As a group, research analysts anticipate that Taboola.com Ltd. will post 0.41 earnings per share for the current year.

Insider Buying and Selling at Taboola.com

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the completion of the sale, the insider owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. The trade was a 39.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.60% of the stock is owned by corporate insiders.

About Taboola.com

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.