Prescott Group Capital Management L.L.C. Buys 508,709 Shares of Taboola.com Ltd. $TBLA

Prescott Group Capital Management L.L.C. bought a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the 3rd quarter, Holdings Channel reports. The firm bought 508,709 shares of the company’s stock, valued at approximately $1,709,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TBLA. State Street Corp grew its holdings in Taboola.com by 355.0% during the 2nd quarter. State Street Corp now owns 3,944,961 shares of the company’s stock worth $19,725,000 after acquiring an additional 3,077,973 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Taboola.com by 14.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,719,172 shares of the company’s stock worth $5,329,000 after acquiring an additional 214,758 shares during the last quarter. Globeflex Capital L P raised its stake in shares of Taboola.com by 16.4% in the first quarter. Globeflex Capital L P now owns 1,907,015 shares of the company’s stock worth $5,912,000 after acquiring an additional 268,105 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Taboola.com during the fourth quarter worth approximately $887,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Taboola.com by 110.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 481,708 shares of the company’s stock worth $1,619,000 after purchasing an additional 253,152 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. TD Cowen decreased their price target on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Wall Street Zen downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $7.00 price objective on shares of Taboola.com in a research report on Thursday, August 6th. Benchmark decreased their price objective on Taboola.com from $6.50 to $5.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Taboola.com currently has an average rating of “Moderate Buy” and an average price target of $5.75.

Taboola.com Stock Down 0.9%

Shares of NASDAQ TBLA opened at $3.40 on Wednesday. Taboola.com Ltd. has a 1 year low of $2.84 and a 1 year high of $5.71. The firm’s 50-day moving average is $3.55 and its 200-day moving average is $4.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $857.21 million, a PE ratio of 8.50 and a beta of 1.48.

About Taboola.com

Taboola.com Ltd. is a technology company that operates a digital advertising and content-discovery platform. Its technology uses data and machine learning to recommend articles, videos, products and other content to users across publisher websites, mobile applications and digital devices.

Taboola provides publishers with tools to increase audience engagement and generate revenue, including recommendation modules, personalized content feeds, video solutions and commerce-related discovery products.