Short Interest in Criteo S.A. (NASDAQ:CRTO) Declines By 55.3%

Key Points

• Short interest in Criteo S.A. decreased by 55.3% in July, dropping from 929,400 shares to 415,700 shares, with a days-to-cover ratio of 0.8 days.
• Insider transactions revealed that executives Ryan Damon and Brian Gleason sold shares, resulting in a combined reduction of 1.59% and 1.83% in their ownership positions, respectively.
• Criteo recently reported $0.92 EPS for the quarter, exceeding analyst expectations of $0.70, alongside a revenue of $292 million that surpassed estimates of $274.62 million.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 415,700 shares, adeclineof55.3% from the July 15th total of 929,400 shares. Based on an average daily volume of 489,900 shares, the days-to-cover ratio is currently 0.8 days. Approximately0.7% of the company's stock are short sold. Approximately0.7% of the company's stock are short sold. Based on an average daily volume of 489,900 shares, the days-to-cover ratio is currently 0.8 days.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction on Friday, May 23rd. The shares were 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 approximately $9,361,545.10. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Damon sold 2,132 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $25.81, for a total transaction of $55,026.92. Following the sale, the insider directly owned 132,002 shares in the company, valued at $3,406,971.62. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,708 shares of company stock valued at $320,444. 1.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vega Investment Solutions acquired a new position in shares of Criteo in the fourth quarter worth about $41,000. Raymond James Financial Inc. acquired a new position in shares of Criteo in the second quarter worth about $30,000. Jones Financial Companies Lllp raised its position in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after acquiring an additional 1,184 shares during the period. TD Private Client Wealth LLC raised its position in shares of Criteo by 21.4% in the first quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock worth $85,000 after acquiring an additional 426 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Criteo by 81.2% in the second quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider's stock worth $69,000 after acquiring an additional 1,290 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRTO. JPMorgan Chase & Co. dropped their price objective on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Susquehanna dropped their price objective on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. BMO Capital Markets boosted their price objective on shares of Criteo from $49.00 to $51.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. DA Davidson dropped their price objective on shares of Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.00.

Criteo Stock Performance

NASDAQ CRTO traded down $0.20 on Thursday, reaching $23.91. 278,354 shares of the company's stock traded hands, compared to its average volume of 498,694. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 10.00 and a beta of 0.43. The stock has a 50 day moving average price of $23.79 and a 200-day moving average price of $30.07. Criteo has a fifty-two week low of $22.43 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.22. The company had revenue of $292.00 million during the quarter, compared to the consensus estimate of $274.62 million. Criteo had a net margin of 7.10% and a return on equity of 16.91%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. Criteo has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Criteo will post 3.09 EPS for the current fiscal year.

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.