GAMMA Investing LLC Has $1.34 Million Stock Position in Criteo S.A. (NASDAQ:CRTO)

GAMMA Investing LLC boosted its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 2,217.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,747 shares of the information services provider's stock after purchasing an additional 36,118 shares during the period. GAMMA Investing LLC owned approximately 0.07% of Criteo worth $1,337,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Criteo by 17.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after acquiring an additional 971 shares in the last quarter. Wells Fargo & Company MN grew its position in Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after purchasing an additional 1,455 shares in the last quarter. Barclays PLC raised its stake in Criteo by 81.8% during the 4th quarter. Barclays PLC now owns 11,247 shares of the information services provider's stock valued at $445,000 after purchasing an additional 5,061 shares during the period. Bank of America Corp DE lifted its holdings in shares of Criteo by 45.5% in the fourth quarter. Bank of America Corp DE now owns 127,509 shares of the information services provider's stock valued at $5,044,000 after purchasing an additional 39,862 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Criteo by 2.1% in the fourth quarter. Millennium Management LLC now owns 96,358 shares of the information services provider's stock worth $3,812,000 after buying an additional 1,983 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Brian Gleason sold 2,486 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $25.81, for a total value of $64,163.66. Following the sale, the insider now owns 154,964 shares in the company, valued at approximately $3,999,620.84. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Js Glickman sold 2,465 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $25.81, for a total transaction of $63,621.65. Following the transaction, the chief financial officer now directly owns 362,710 shares in the company, valued at $9,361,545.10. This trade represents a 0.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,707 shares of company stock valued at $351,786. Insiders own 1.66% of the company's stock.

Criteo Stock Down 1.8%

Shares of CRTO traded down $0.43 during mid-day trading on Tuesday, hitting $23.48. 493,556 shares of the company's stock were exchanged, compared to its average volume of 454,603. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 6.95 and a beta of 0.51. The firm has a fifty day moving average of $28.54 and a two-hundred day moving average of $35.36. Criteo S.A. has a twelve month low of $23.37 and a twelve month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. Criteo had a net margin of 7.41% and a return on equity of 18.21%. The firm had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. During the same period in the prior year, the company posted $0.80 earnings per share. Criteo's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CRTO shares. Stifel Nicolaus reduced their price objective on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Susquehanna decreased their price target on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Citigroup reissued an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.70.

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.