Criteo S.A. (NASDAQ:CRTO) is VELA Investment Management LLC's 6th Largest Position

VELA Investment Management LLC boosted its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 20.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,744 shares of the information services provider's stock after buying an additional 31,758 shares during the quarter. Criteo makes up approximately 2.1% of VELA Investment Management LLC's investment portfolio, making the stock its 6th largest position. VELA Investment Management LLC owned 0.33% of Criteo worth $6,683,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CRTO. Vega Investment Solutions bought a new position in Criteo during the 4th quarter worth approximately $41,000. Wells Fargo & Company MN raised its holdings 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 during the last quarter. Two Sigma Securities LLC bought a new position in Criteo during the 4th quarter worth approximately $210,000. Trexquant Investment LP bought a new position in Criteo during the 4th quarter worth approximately $220,000. Finally, Assetmark Inc. raised its holdings in Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after purchasing an additional 558 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Analyst Ratings Changes

CRTO has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Citigroup reiterated an "underperform" rating on shares of Criteo in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Morgan Stanley dropped their price objective on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Finally, Susquehanna dropped their price objective on Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Criteo presently has a consensus rating of "Moderate Buy" and an average target price of $46.70.

Insider Activity

In other news, insider Ryan Damon sold 2,132 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total transaction of $55,026.92. Following the completion of the transaction, the insider owned 132,002 shares of the company's stock, valued at approximately $3,406,971.62. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 2,465 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $63,621.65. Following the transaction, the chief financial officer directly owned 362,710 shares of the company's stock, valued at $9,361,545.10. The trade was a 0.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,707 shares of company stock worth $351,786. 1.66% of the stock is owned by company insiders.

Criteo Stock Up 2.0%

Criteo stock traded up $0.48 during midday trading on Friday, reaching $24.95. The stock had a trading volume of 481,576 shares, compared to its average volume of 446,352. Criteo S.A. has a 12 month low of $23.24 and a 12 month high of $49.93. The firm's 50-day moving average price is $26.70 and its 200 day moving average price is $33.72. The firm has a market capitalization of $1.44 billion, a PE ratio of 10.14 and a beta of 0.48.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data 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. Criteo had a return on equity of 18.21% and a net margin of 7.41%. The business had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same period in the previous year, the business posted $0.80 EPS. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect 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.