GSA Capital Partners LLP Sells 256,127 Shares of Taboola.com Ltd. $TBLA

GSA Capital Partners LLP reduced its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 662,927 shares of the company’s stock after selling 256,127 shares during the quarter. Taboola.com comprises 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 19th largest position. GSA Capital Partners LLP owned 0.23% of Taboola.com worth $3,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LSV Asset Management grew its position in shares of Taboola.com by 2,001.4% during the 3rd quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock worth $6,764,000 after purchasing an additional 1,889,168 shares in the last quarter. AlpInvest Partners B.V. bought a new stake in shares of Taboola.com during the 3rd quarter valued at $1,028,000. Quent Capital LLC bought a new stake in shares of Taboola.com during the 4th quarter valued at $968,000. SG Americas Securities LLC lifted its position in shares of Taboola.com by 51.1% during the 4th quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock valued at $81,000 after acquiring an additional 5,944 shares during the period. Finally, Aristides Capital LLC bought a new stake in shares of Taboola.com during the 3rd quarter valued at $282,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Analyst Upgrades and Downgrades

TBLA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Rosenblatt Securities upped their target price on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Benchmark upped their target price on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Needham & Company LLC lifted 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. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $5.01 on Tuesday. The company’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.82. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.18 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.13. Taboola.com Ltd. has a 1 year low of $2.84 and a 1 year high of $5.26.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The business had revenue of $466.40 million for the quarter, compared to analysts’ expectations of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. As a group, research analysts predict that Taboola.com Ltd. will post 0.34 EPS for the current fiscal year.

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.