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

Royce & Associates LP grew its stake in Criteo S.A. (NASDAQ:CRTO) by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 353,213 shares of the information services provider’s stock after acquiring an additional 58,460 shares during the quarter. Royce & Associates LP owned about 0.64% of Criteo worth $13,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CRTO. Palumbo Wealth Management LLC acquired a new stake in shares of Criteo during the 4th quarter worth about $208,000. Blue Trust Inc. increased its position in shares of Criteo by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock worth $226,000 after purchasing an additional 1,916 shares during the last quarter. Assetmark Inc. increased its position in shares of Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock worth $244,000 after purchasing an additional 558 shares during the last quarter. Barclays PLC increased its position in shares of Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Atria Investments Inc acquired a new stake in shares of Criteo during the 3rd quarter worth about $250,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley raised their price objective on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. BMO Capital Markets lifted their target price on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. DA Davidson lifted their target price on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $61.00 target price (up from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.90.

Insider Activity

In related news, insider Brian Gleason sold 1,924 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the sale, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Megan Clarken sold 7,481 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares of the company’s stock, valued at approximately $22,346,334.52. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is currently owned by company insiders.

Criteo Stock Performance

Shares of CRTO opened at $35.42 on Tuesday. The stock has a 50-day simple moving average of $39.38 and a 200-day simple moving average of $40.26. The stock 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 announced its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Analysts predict that Criteo S.A. will post 3.09 EPS for the current year.

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.