Two Sigma Advisers LP Acquires 285,800 Shares of Criteo S.A. (NASDAQ:CRTO)

Two Sigma Advisers LP boosted its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 102.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,000 shares of the information services provider's stock after buying an additional 285,800 shares during the quarter. Two Sigma Advisers LP owned approximately 1.02% of Criteo worth $22,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after purchasing an additional 1,455 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in Criteo during the 4th quarter valued at $208,000. Two Sigma Securities LLC purchased a new stake in Criteo during the 4th quarter valued at $210,000. Trexquant Investment LP purchased a new position in shares of Criteo in the fourth quarter valued at about $220,000. Finally, Blue Trust Inc. increased its position in shares of Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after acquiring an additional 1,916 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Criteo Stock Down 0.8%

Shares of CRTO stock traded down $0.20 during mid-day trading on Monday, reaching $26.29. 624,516 shares of the company's stock traded hands, compared to its average volume of 441,502. The company's 50-day moving average price is $31.26 and its 200-day moving average price is $36.82. The company has a market cap of $1.52 billion, a P/E ratio of 15.65 and a beta of 0.63. Criteo S.A. has a 12 month low of $25.50 and a 12 month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.33. The company had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Criteo's revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Equities analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.

Analysts Set New Price Targets

CRTO has been the topic of several recent analyst reports. DA Davidson cut their target price on Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen lowered Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Citigroup reissued an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. Stifel Nicolaus dropped their price target on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Morgan Stanley reduced their price objective on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $46.70.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the transaction, 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 is accessible through this hyperlink. 1.66% of the stock is currently owned by company 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.