Taboola.com Ltd. (NASDAQ:TBLA) Shares Acquired by ARK Investment Management LLC

ARK Investment Management LLC grew its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 594,590 shares of the company’s stock after buying an additional 50,256 shares during the period. ARK Investment Management LLC owned 0.20% of Taboola.com worth $1,998,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC raised its stake in Taboola.com by 74.5% in the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after acquiring an additional 4,100 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Taboola.com by 8.5% in the second quarter. Van ECK Associates Corp now owns 71,035 shares of the company’s stock valued at $244,000 after purchasing an additional 5,535 shares during the period. Meitav Investment House Ltd. raised its stake in shares of Taboola.com by 11.3% in the third quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock worth $242,000 after purchasing an additional 7,000 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Taboola.com by 22.2% during the second quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock worth $156,000 after purchasing an additional 8,262 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Taboola.com by 40.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock valued at $154,000 after buying an additional 12,869 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the sale, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.40% of the stock is currently owned by company insiders.

Taboola.com Trading Down 2.4 %

NASDAQ TBLA opened at $3.24 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50 day simple moving average is $3.35 and its 200-day simple moving average is $3.55. Taboola.com Ltd. has a 1-year low of $2.87 and a 1-year high of $5.00.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm had revenue of $433.10 million during the quarter, compared to analysts’ expectations of $429.43 million. During the same quarter in the previous year, the business posted ($0.02) EPS. Research analysts anticipate that Taboola.com Ltd. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC restated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Friday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $5.31.

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.