Short Interest in Criteo S.A. (NASDAQ:CRTO) Declines By 5.1%

Criteo S.A. (NASDAQ:CRTO) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,040,000 shares, a decrease of 5.1% from the August 31st total of 2,150,000 shares. Currently, 3.9% of the company’s shares are short sold. Based on an average trading volume of 486,600 shares, the short-interest ratio is presently 4.2 days.

Criteo Price Performance

Shares of NASDAQ:CRTO traded down $0.30 on Monday, reaching $40.24. The company’s stock had a trading volume of 191,854 shares, compared to its average volume of 361,918. Criteo has a 52-week low of $22.10 and a 52-week high of $49.93. The stock has a market capitalization of $2.28 billion, a P/E ratio of 41.48 and a beta of 0.99. The stock’s 50-day moving average is $45.21 and its two-hundred day moving average is $39.91.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. The company had revenue of $471.31 million during the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. Equities analysts forecast that Criteo will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRTO has been the topic of several recent research reports. KeyCorp downgraded shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. BMO Capital Markets increased their price target on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price objective on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Macquarie increased their target price on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Susquehanna boosted their price target on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.11.

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Criteo

A number of large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in Criteo in the 2nd quarter valued at approximately $1,327,000. Clearbridge Investments LLC acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $11,059,000. Point72 Asset Management L.P. grew its holdings in Criteo by 312.5% during the second quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after acquiring an additional 2,500 shares during the period. Susquehanna Fundamental Investments LLC raised its position in Criteo by 523.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock worth $2,233,000 after acquiring an additional 49,699 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Criteo by 1.9% in the second quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock valued at $14,353,000 after acquiring an additional 7,469 shares during the period. Hedge funds and other institutional investors own 94.27% 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.