Criteo S.A. (NASDAQ:CRTO) Short Interest Update

Criteo S.A. (NASDAQ:CRTO) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,780,000 shares, a decrease of 6.8% from the September 30th total of 1,910,000 shares. Based on an average daily trading volume, of 400,200 shares, the short-interest ratio is currently 4.4 days. Approximately 3.3% of the company’s shares are sold short.

Criteo Trading Down 0.7 %

Shares of Criteo stock opened at $33.44 on Friday. Criteo has a 1-year low of $22.10 and a 1-year high of $49.93. The firm’s 50-day moving average price is $42.30 and its two-hundred day moving average price is $40.66. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.52% and a return on equity of 15.56%. Criteo’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, equities research analysts predict that Criteo will post 2.8 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on CRTO shares. Wells Fargo & Company started coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price for the company. DA Davidson reduced their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets boosted their price objective on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.22.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at approximately $12,723,958.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at $12,723,958.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Gleason sold 2,841 shares of the company’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 directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Criteo by 0.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock valued at $76,972,000 after purchasing an additional 6,698 shares during the last quarter. Congress Asset Management Co. bought a new stake in shares of Criteo in the 3rd quarter valued at $48,653,000. Lord Abbett & CO. LLC boosted its stake in shares of Criteo by 3.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after purchasing an additional 37,364 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Criteo by 1.9% in the 2nd quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock valued at $14,353,000 after purchasing an additional 7,469 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new stake in shares of Criteo in the 2nd quarter valued at $11,059,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.