UBS Group AG Acquires 260,996 Shares of Taboola.com Ltd. $TBLA

UBS Group AG grew its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 38.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 948,096 shares of the company’s stock after purchasing an additional 260,996 shares during the quarter. UBS Group AG’s holdings in Taboola.com were worth $4,371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its position in Taboola.com by 51.1% during the fourth quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock worth $81,000 after purchasing an additional 5,944 shares during the period. Russell Investments Group Ltd. boosted its position in Taboola.com by 20.1% during the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock worth $176,000 after purchasing an additional 8,500 shares during the period. CWM LLC boosted its position in Taboola.com by 25.5% during the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock worth $194,000 after purchasing an additional 8,558 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Taboola.com by 16.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock worth $273,000 after purchasing an additional 8,886 shares during the period. Finally, Headlands Technologies LLC bought a new position in Taboola.com during the second quarter worth about $43,000. Institutional investors own 42.89% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TBLA. Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Benchmark increased their target price on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Needham & Company LLC raised their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Rosenblatt Securities raised their price objective on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.

Taboola.com Price Performance

TBLA stock opened at $4.92 on Friday. The firm has a 50 day moving average of $3.81 and a 200-day moving average of $3.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. Taboola.com Ltd. has a 12 month low of $2.84 and a 12 month high of $5.26. The firm has a market capitalization of $1.20 billion, a P/E ratio of 12.95 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The company had revenue of $466.40 million during the quarter, compared to analyst estimates of $453.30 million. During the same period last year, the business earned ($0.03) earnings per share. Taboola.com’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Taboola.com Ltd. will post 0.41 earnings per share for the current fiscal year.

Taboola.com Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.