Short Interest in Criteo S.A. (NASDAQ:CRTO) Drops By 6.8%

Criteo S.A. (NASDAQ:CRTOGet Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 1,780,000 shares, a drop of 6.8% from the September 30th total of 1,910,000 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 400,200 shares, the short-interest ratio is presently 4.4 days.

Criteo Stock Down 21.3 %

Shares of CRTO opened at $33.59 on Thursday. The firm has a market cap of $1.90 billion, a PE ratio of 34.63 and a beta of 0.99. The company’s fifty day moving average is $42.91 and its two-hundred day moving average is $40.76. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTOGet Free Report) last announced its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The company had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. Criteo’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. As a group, equities research analysts anticipate that Criteo will post 2.8 earnings per share for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. 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 stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently made changes to their positions in CRTO. Congress Asset Management Co. acquired a new position in shares of Criteo in the 3rd quarter valued at $48,653,000. Clearbridge Investments LLC acquired a new position in shares of Criteo during the 2nd quarter valued at $11,059,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Criteo by 518.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock valued at $3,259,000 after acquiring an additional 67,913 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Criteo by 93.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock valued at $4,057,000 after acquiring an additional 51,870 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in shares of Criteo by 523.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock valued at $2,233,000 after acquiring an additional 49,699 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CRTO shares. KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. BMO Capital Markets raised their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley raised their price objective on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $56.00 target price on shares of Criteo in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Check Out Our Latest Stock Analysis on CRTO

Criteo Company Profile

(Get Free Report)

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.

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