Metavasi Capital LP Has $5.73 Million Position in Criteo S.A. (NASDAQ:CRTO)

Metavasi Capital LP trimmed its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 25.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 144,889 shares of the information services provider's stock after selling 49,122 shares during the quarter. Criteo makes up about 2.0% of Metavasi Capital LP's investment portfolio, making the stock its 12th largest holding. Metavasi Capital LP owned about 0.25% of Criteo worth $5,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CRTO. Barclays PLC lifted its stake in shares of Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after acquiring an additional 1,787 shares during the period. Geode Capital Management LLC lifted its position in Criteo by 1.1% in the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock worth $1,978,000 after purchasing an additional 518 shares during the period. 272 Capital LP bought a new position in Criteo during the 3rd quarter valued at $1,141,000. Lord Abbett & CO. LLC increased its position in shares of Criteo by 42.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider's stock valued at $74,567,000 after purchasing an additional 547,718 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Criteo by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock worth $13,596,000 after buying an additional 80,424 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CRTO. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a report on Friday, April 25th. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price target on Criteo from $48.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley reduced their price objective on Criteo from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company cut their target price on Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Criteo presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.90.

Criteo Trading Down 11.8 %

Shares of CRTO stock traded down $3.95 on Friday, reaching $29.47. The company had a trading volume of 1,680,878 shares, compared to its average volume of 435,393. The stock has a market cap of $1.70 billion, a PE ratio of 17.54 and a beta of 0.63. The company has a 50-day moving average of $33.86 and a 200-day moving average of $37.92. Criteo S.A. has a 12 month low of $27.46 and a 12 month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $259.86 million. During the same period in the previous year, the company posted $0.80 earnings per share. The company's revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now owns 502,052 shares of the company's stock, valued at approximately $22,346,334.52. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now owns 157,450 shares of the company's stock, valued at $5,335,980.50. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,145 shares of company stock valued at $1,031,391 in the last 90 days. 1.71% of the stock is currently owned by 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.