Criteo S.A. (NASDAQ:CRTO) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP boosted its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,616 shares of the information services provider's stock after acquiring an additional 53,230 shares during the quarter. Two Sigma Investments LP owned 0.65% of Criteo worth $14,266,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its position 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 acquiring an additional 1,455 shares during the period. Palumbo Wealth Management LLC bought a new position in Criteo during the fourth quarter valued at about $208,000. Two Sigma Securities LLC bought a new position in Criteo during the fourth quarter valued at about $210,000. Trexquant Investment LP bought a new position in Criteo during the fourth quarter valued at about $220,000. Finally, Blue Trust Inc. grew its position in Criteo by 51.9% during the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after buying an additional 1,916 shares during the period. 94.27% of the stock is owned by institutional investors.

Criteo Stock Up 0.5%

CRTO stock traded up $0.12 during midday trading on Wednesday, hitting $25.68. The company's stock had a trading volume of 404,841 shares, compared to its average volume of 443,108. Criteo S.A. has a 12 month low of $25.18 and a 12 month high of $49.93. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.30 and a beta of 0.63. The company has a 50 day moving average of $30.86 and a two-hundred day moving average of $36.68.

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

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Susquehanna cut their price objective on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their target price on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.70.

Insider Activity at Criteo

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 completion of the sale, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

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.