272 Capital LP Makes New Investment in Criteo S.A. (NASDAQ:CRTO)

272 Capital LP bought a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the third quarter, Holdings Channel reports. The institutional investor bought 28,353 shares of the information services provider’s stock, valued at approximately $1,141,000. Criteo accounts for 1.3% of 272 Capital LP’s portfolio, making the stock its 29th biggest holding.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares during the period. Assetmark Inc. boosted its holdings in shares of Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 424 shares during the period. QRG Capital Management Inc. grew its position in shares of Criteo by 3.5% during the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after acquiring an additional 518 shares during the last quarter. Waterfront Wealth Inc. grew its position in shares of Criteo by 1.2% during the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after acquiring an additional 686 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Criteo in the 3rd quarter worth about $31,000. 94.27% of the stock is currently owned by institutional investors.

Criteo Stock Performance

CRTO opened at $40.78 on Friday. The company has a market capitalization of $2.25 billion, a PE ratio of 27.74 and a beta of 1.02. The stock’s fifty day moving average is $39.29 and its 200-day moving average is $40.90. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93.

Analysts Set New Price Targets

CRTO has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on shares of Criteo in a research report on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price for the company. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, November 19th. DA Davidson reduced their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Susquehanna lowered their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

Insider Buying and Selling

In other news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the transaction, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. This trade represents a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ryan Damon sold 2,885 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $116,438.60. Following the completion of the sale, the insider now owns 118,334 shares in the company, valued at $4,775,960.24. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,972 shares of company stock valued at $890,198 over the last three months. Company insiders own 1.71% of the company’s stock.

Criteo Company Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.