VELA Investment Management LLC Purchases 45,362 Shares of Criteo S.A. (NASDAQ:CRTO)

VELA Investment Management LLC boosted its position in shares of Criteo S.A. (NASDAQ:CRTO) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,986 shares of the information services provider’s stock after buying an additional 45,362 shares during the period. Criteo accounts for approximately 1.7% of VELA Investment Management LLC’s portfolio, making the stock its 5th biggest holding. VELA Investment Management LLC’s holdings in Criteo were worth $6,210,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CRTO. Farther Finance Advisors LLC acquired a new position in Criteo during the third quarter worth approximately $50,000. Palumbo Wealth Management LLC acquired a new position in Criteo during the fourth quarter worth approximately $208,000. Assetmark Inc. increased its position in Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after buying an additional 424 shares during the period. Blue Trust Inc. increased its position in Criteo by 51.9% during the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock worth $226,000 after buying an additional 1,916 shares during the period. Finally, Barclays PLC increased its position in Criteo by 40.6% during the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after buying an additional 1,787 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Price Performance

Criteo stock opened at $38.26 on Friday. Criteo S.A. has a 1-year low of $32.14 and a 1-year high of $49.93. The company has a market cap of $2.21 billion, a PE ratio of 22.77 and a beta of 1.05. The stock’s 50 day moving average price is $40.37 and its 200 day moving average price is $41.34.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Susquehanna dropped their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $61.00 target price (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Wells Fargo & Company boosted their target price on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.90.

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 Ryan Damon sold 2,793 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $42.54, for a total value of $118,814.22. Following the sale, the insider now owns 115,646 shares in the company, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,156 shares of company stock worth $1,243,028. 1.71% of the stock is owned by corporate insiders.

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.