MML Investors Services LLC Takes Position in Criteo S.A. (NASDAQ:CRTO)

MML Investors Services LLC bought a new position in shares of Criteo S.A. (NASDAQ:CRTO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,841 shares of the information services provider’s stock, valued at approximately $275,000.

Several other large investors also recently modified their holdings of CRTO. Alpha DNA Investment Management LLC purchased a new stake in Criteo in the 2nd quarter worth approximately $473,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after acquiring an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in Criteo in the third quarter worth $1,405,000. Inspire Investing LLC bought a new stake in Criteo in the second quarter valued at $819,000. Finally, Senvest Management LLC increased its position in Criteo by 19.6% during the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after purchasing an additional 475,530 shares during the period. 94.27% of the stock is owned by institutional investors.

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 2,885 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,765 shares of company stock worth $1,009,013. Corporate insiders own 1.71% of the company’s stock.

Criteo Price Performance

Shares of Criteo stock opened at $41.00 on Thursday. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93. The firm’s 50-day moving average is $39.88 and its 200 day moving average is $41.43. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 27.89 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRTO. DA Davidson decreased their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Susquehanna dropped their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Criteo has an average rating of “Moderate Buy” and an average price target of $50.67.

About Criteo

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.