Taboola.com (NASDAQ:TBLA) Director Nechemia Jacob Peres Sells 6,387,648 Shares

Taboola.com Ltd. (NASDAQ:TBLA) Director Nechemia Jacob Peres sold 6,387,648 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $3.67, for a total transaction of $23,442,668.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Taboola.com Stock Performance

TBLA traded up $0.03 during mid-day trading on Wednesday, reaching $4.17. 3,821,189 shares of the company traded hands, compared to its average volume of 1,674,542. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08. Taboola.com Ltd. has a 52-week low of $2.50 and a 52-week high of $4.30. The stock has a market capitalization of $1.20 billion, a P/E ratio of 52.13 and a beta of 1.27. The company’s fifty day moving average price is $3.41 and its 200-day moving average price is $3.42.

Wall Street Analysts Forecast Growth

TBLA has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a report on Wednesday, October 8th. B. Riley increased their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. BTIG Research began coverage on shares of Taboola.com in a report on Tuesday, October 7th. They issued a “neutral” rating on the stock. Finally, Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Institutional Investors Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBLA. CWM LLC boosted its holdings in shares of Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company’s stock valued at $33,000 after purchasing an additional 4,502 shares during the period. Allianz Asset Management GmbH grew its stake in Taboola.com by 110.8% in the first quarter. Allianz Asset Management GmbH now owns 292,100 shares of the company’s stock valued at $862,000 after purchasing an additional 153,500 shares during the last quarter. Royce & Associates LP bought a new position in shares of Taboola.com during the 1st quarter worth approximately $86,000. Phoenix Financial Ltd. lifted its holdings in shares of Taboola.com by 0.3% during the 1st quarter. Phoenix Financial Ltd. now owns 7,419,080 shares of the company’s stock valued at $21,886,000 after purchasing an additional 21,400 shares during the last quarter. Finally, ARK Investment Management LLC boosted its holdings in Taboola.com by 6.4% in the first quarter. ARK Investment Management LLC now owns 539,207 shares of the company’s stock worth $1,591,000 after acquiring an additional 32,563 shares in the last quarter. Institutional investors own 42.89% of the company’s stock.

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.