Quantedge Capital Pte Ltd Buys 39,600 Shares of Criteo S.A. (NASDAQ:CRTO)

Quantedge Capital Pte Ltd grew its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,700 shares of the information services provider's stock after acquiring an additional 39,600 shares during the quarter. Criteo accounts for 4.0% of Quantedge Capital Pte Ltd's holdings, making the stock its 4th biggest position. Quantedge Capital Pte Ltd owned approximately 0.50% of Criteo worth $10,828,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CRTO. Numerai GP LLC bought a new stake in Criteo in the 4th quarter valued at $339,000. Millennium Management LLC raised its stake in Criteo by 2.1% in the 4th quarter. Millennium Management LLC now owns 96,358 shares of the information services provider's stock valued at $3,812,000 after acquiring an additional 1,983 shares during the period. Janus Henderson Group PLC raised its stake in Criteo by 2.0% in the 4th quarter. Janus Henderson Group PLC now owns 1,413,620 shares of the information services provider's stock valued at $55,909,000 after acquiring an additional 27,258 shares during the period. Deutsche Bank AG raised its stake in Criteo by 46.3% in the 4th quarter. Deutsche Bank AG now owns 48,072 shares of the information services provider's stock valued at $1,902,000 after acquiring an additional 15,203 shares during the period. Finally, Centiva Capital LP bought a new stake in Criteo in the 4th quarter valued at $745,000. 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 dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now directly owns 157,450 shares of the company's stock, valued at approximately $5,335,980.50. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Criteo Stock Performance

Shares of NASDAQ CRTO traded down $0.26 during mid-day trading on Friday, reaching $28.42. The company had a trading volume of 308,386 shares, compared to its average volume of 441,095. Criteo S.A. has a one year low of $26.67 and a one year high of $49.93. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 16.92 and a beta of 0.63. The business's 50-day simple moving average is $32.11 and its 200 day simple moving average is $37.04.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. The company had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Criteo's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share. On average, sell-side analysts anticipate 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.