Criteo S.A. (NASDAQ:CRTO) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its position in shares of Criteo S.A. (NASDAQ:CRTO) by 19.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,213 shares of the information services provider’s stock after buying an additional 58,460 shares during the period. Royce & Associates LP’s holdings in Criteo were worth $13,973,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Senvest Management LLC increased its position in Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after buying an additional 475,530 shares during the period. Whale Rock Capital Management LLC increased its position in Criteo by 230.1% during the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after buying an additional 1,756,507 shares during the period. Lord Abbett & CO. LLC increased its position in Criteo by 42.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after buying an additional 547,718 shares during the period. ANTIPODES PARTNERS Ltd increased its position in Criteo by 41,776.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock worth $39,348,000 after buying an additional 992,180 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Criteo by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after purchasing an additional 103,593 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Price Performance

Shares of CRTO stock opened at $35.42 on Tuesday. The business’s fifty day moving average price is $39.38 and its 200 day moving average price is $40.26. The firm has a market capitalization of $2.05 billion, a PE ratio of 21.08 and a beta of 0.98. Criteo S.A. has a 1-year low of $33.15 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Equities research analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares in the company, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Gleason sold 1,924 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now owns 137,161 shares in the company, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CRTO has been the topic of a number of recent research reports. DA Davidson boosted their target price on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Benchmark reissued a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. BMO Capital Markets boosted their target price on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley boosted their target price on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Criteo currently has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Criteo 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.