472,313 Shares in Taboola.com Ltd. (NASDAQ:TBLA) Acquired by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. acquired a new position in Taboola.com Ltd. (NASDAQ:TBLA) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 472,313 shares of the company’s stock, valued at approximately $1,724,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in Taboola.com by 22.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock worth $121,000 after acquiring an additional 6,094 shares during the period. Meitav Investment House Ltd. increased its stake in shares of Taboola.com by 9.4% in the 4th quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company’s stock valued at $279,000 after purchasing an additional 6,500 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Taboola.com by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock valued at $618,000 after buying an additional 8,127 shares in the last quarter. Intellectus Partners LLC increased its stake in Taboola.com by 4.5% during the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock worth $1,235,000 after buying an additional 16,000 shares in the last quarter. Finally, State Street Corp lifted its holdings in Taboola.com by 5.5% in the 3rd quarter. State Street Corp now owns 305,350 shares of the company’s stock valued at $1,026,000 after purchasing an additional 16,055 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TBLA shares. Oppenheimer reissued a “market perform” rating on shares of Taboola.com in a research report on Wednesday. Citizens Jmp cut Taboola.com from an “outperform” rating to a “market perform” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a report on Tuesday. JMP Securities decreased their target price on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research note on Monday, January 27th. Finally, Needham & Company LLC dropped their price objective on Taboola.com from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.80.

Taboola.com Price Performance

TBLA stock opened at $2.82 on Friday. The stock’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $3.54. Taboola.com Ltd. has a 52-week low of $2.82 and a 52-week high of $4.96. The stock has a market capitalization of $823.43 million, a price-to-earnings ratio of -28.20 and a beta of 1.27. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 22.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Taboola.com Company Profile

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.