G2 Investment Partners Management LLC Sells 256,586 Shares of Criteo S.A. (NASDAQ:CRTO)

G2 Investment Partners Management LLC trimmed its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 82.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,431 shares of the information services provider's stock after selling 256,586 shares during the period. G2 Investment Partners Management LLC owned approximately 0.10% of Criteo worth $2,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRTO. Alliancebernstein L.P. boosted its stake in shares of Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after buying an additional 1,052,126 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in Criteo by 41,776.0% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock valued at $39,348,000 after acquiring an additional 992,180 shares during the period. Senvest Management LLC boosted its position in Criteo by 25.7% in the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after purchasing an additional 743,695 shares during the last quarter. Cadian Capital Management LP grew its stake in shares of Criteo by 38.2% during the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after purchasing an additional 713,785 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Criteo by 4,200.9% during the 4th quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock valued at $22,493,000 after purchasing an additional 559,472 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRTO. Citigroup reissued an "underperform" rating on shares of Criteo in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. BMO Capital Markets lowered their target price on Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Morgan Stanley reduced their price target on Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $46.70.

Criteo Stock Performance

Shares of CRTO traded up $0.09 during mid-day trading on Friday, hitting $28.46. 469,281 shares of the stock were exchanged, compared to its average volume of 441,211. The company has a market cap of $1.53 billion, a PE ratio of 16.94 and a beta of 0.63. Criteo S.A. has a 52-week low of $26.67 and a 52-week high of $49.93. The firm has a 50-day moving average of $32.84 and a two-hundred day moving average of $37.41.

Criteo (NASDAQ:CRTO - Get Free Report) last released 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. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company had revenue of $451.43 million for the quarter, compared to the consensus estimate of $259.86 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Criteo's revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts predict that Criteo S.A. will post 3.09 EPS for the current year.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the sale, the insider now directly owns 157,450 shares of the company's stock, valued at $5,335,980.50. This represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the transaction, the chief executive officer now owns 488,229 shares of the company's stock, valued at $21,267,255.24. This trade represents a 2.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,145 shares of company stock worth $1,031,391. 1.71% of the stock is currently owned by company 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.