RBF Capital LLC Reduces Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

RBF Capital LLC lowered its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 9.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 580,000 shares of the company’s stock after selling 61,806 shares during the period. RBF Capital LLC owned approximately 0.20% of Taboola.com worth $1,949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Point72 Asset Management L.P. increased its stake in shares of Taboola.com by 529.8% in the third quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company’s stock worth $291,000 after buying an additional 72,849 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Taboola.com in the third quarter worth $126,000. Quantbot Technologies LP bought a new stake in shares of Taboola.com in the third quarter worth $116,000. Algert Global LLC increased its stake in shares of Taboola.com by 10.3% in the third quarter. Algert Global LLC now owns 327,151 shares of the company’s stock worth $1,099,000 after buying an additional 30,597 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Taboola.com in the third quarter worth $337,000. Institutional investors own 42.89% of the company’s stock.

Insider Activity

In other news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now owns 70,642 shares of the company’s stock, valued at approximately $223,228.72. The trade was a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TBLA. Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Friday, November 8th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $5.31.

Taboola.com Stock Performance

TBLA stock opened at $3.97 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 1-year low of $2.87 and a 1-year high of $5.00. The firm has a fifty day moving average price of $3.41 and a two-hundred day moving average price of $3.44.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The firm had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. During the same period last year, the firm posted ($0.02) EPS.

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.