Migdal Insurance & Financial Holdings Ltd. Reduces Stake in Taboola.com Ltd. $TBLA

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 18.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,349,179 shares of the company’s stock after selling 1,000,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taboola.com were worth $14,831,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. acquired a new stake in Taboola.com during the second quarter worth approximately $37,000. Pallas Capital Advisors LLC acquired a new position in shares of Taboola.com in the 2nd quarter valued at $41,000. Headlands Technologies LLC purchased a new position in shares of Taboola.com in the 2nd quarter valued at $43,000. Captrust Financial Advisors acquired a new stake in Taboola.com during the 2nd quarter worth $46,000. Finally, Cerity Partners LLC acquired a new stake in Taboola.com during the 2nd quarter worth $58,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Price Performance

Shares of TBLA opened at $4.09 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.65. The firm has a 50-day simple moving average of $4.15 and a 200-day simple moving average of $3.67. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 51.13 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The company had revenue of $496.76 million for the quarter, compared to analysts’ expectations of $465.57 million. During the same period in the prior year, the company earned ($0.02) earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis.

Insiders Place Their Bets

In other news, COO Eldad Maniv sold 414,816 shares of Taboola.com stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $3.78, for a total value of $1,568,004.48. Following the sale, the chief operating officer owned 10,392,460 shares of the company’s stock, valued at $39,283,498.80. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $3.67, for a total transaction of $23,442,668.16. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,812,509 shares of company stock worth $25,048,341. 22.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on TBLA. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Rosenblatt Securities initiated coverage on Taboola.com in a research report on Friday, December 19th. They issued a “buy” rating and a $6.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. Finally, BTIG Research assumed coverage on Taboola.com in a research note on Tuesday, October 7th. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.80.

Taboola.com Company Profile

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.