Meitav Investment House Ltd. Has $456,000 Position in Taboola.com Ltd. $TBLA

Meitav Investment House Ltd. boosted its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 66.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,500 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Meitav Investment House Ltd.’s holdings in Taboola.com were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its position in shares of Taboola.com by 65.8% during the first quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after acquiring an additional 4,502 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Taboola.com by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company’s stock worth $122,000 after purchasing an additional 5,829 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Taboola.com during the 2nd quarter worth about $41,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Taboola.com by 39.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,707 shares of the company’s stock valued at $185,000 after purchasing an additional 17,830 shares during the period. Finally, PFG Investments LLC bought a new position in shares of Taboola.com in the 2nd quarter valued at about $66,000. 42.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. B. Riley boosted their price target on shares of Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. BTIG Research began coverage on shares of Taboola.com in a research report on Tuesday. They set a “neutral” rating for the company. Wall Street Zen lowered Taboola.com from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Saturday, September 27th. Finally, Needham & Company LLC upped their price objective on Taboola.com from $3.34 to $4.50 and gave the company a “buy” rating in a report on Tuesday, June 17th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4.50.

Taboola.com Trading Down 2.1%

NASDAQ:TBLA opened at $3.21 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The business’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.32. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. The stock has a market capitalization of $849.69 million, a PE ratio of 80.25 and a beta of 1.27.

Insiders Place Their Bets

In other news, Director Erez Shachar sold 27,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the transaction, the director owned 218,827 shares in the company, valued at $739,635.26. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.40% of the company’s stock.

Taboola.com 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.