Quantedge Capital Pte Ltd Has $10.83 Million Stock Position in Criteo S.A. (NASDAQ:CRTO)

Quantedge Capital Pte Ltd lifted its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,700 shares of the information services provider's stock after purchasing an additional 39,600 shares during the period. Criteo accounts for 4.0% of Quantedge Capital Pte Ltd's portfolio, making the stock its 4th largest position. Quantedge Capital Pte Ltd owned 0.50% of Criteo worth $10,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of CRTO. Neuberger Berman Group LLC boosted its stake in Criteo by 7.0% in the fourth quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider's stock valued at $240,322,000 after acquiring an additional 399,977 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Criteo by 0.5% during the fourth quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock worth $213,903,000 after purchasing an additional 28,536 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Criteo by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after purchasing an additional 1,052,126 shares in the last quarter. Senvest Management LLC boosted its position in shares of Criteo by 25.7% during the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after purchasing an additional 743,695 shares in the last quarter. Finally, Cadian Capital Management LP boosted its position in shares of Criteo by 38.2% during the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock worth $102,236,000 after purchasing an additional 713,785 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Activity at Criteo

In other news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the transaction, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRTO. Stifel Nicolaus cut their price objective on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Susquehanna lowered their price target on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. DA Davidson lowered their price target on shares of Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. BMO Capital Markets lowered their price target on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Finally, Benchmark restated a "buy" rating and set a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.70.

Criteo Trading Down 0.5%

NASDAQ:CRTO traded down $0.14 on Monday, hitting $28.28. The company had a trading volume of 127,006 shares, compared to its average volume of 439,423. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 16.85 and a beta of 0.63. The firm has a 50 day moving average of $32.11 and a two-hundred day moving average of $37.09. Criteo S.A. has a 52 week low of $26.67 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million during the quarter, compared to the consensus estimate of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. As a group, equities analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

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.