Criteo S.A. (NASDAQ:CRTO) Sees Significant Increase in Short Interest

Criteo S.A. (NASDAQ:CRTOGet Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 510,900 shares, a growth of 13.2% from the May 15th total of 451,400 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 295,100 shares, the days-to-cover ratio is presently 1.7 days.

Insider Activity

In other news, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now directly owns 327,232 shares in the company, valued at approximately $11,584,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Ryan Damon sold 21,661 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.12, for a total transaction of $804,056.32. Following the completion of the transaction, the insider now directly owns 154,569 shares in the company, valued at approximately $5,737,601.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,672 shares of company stock worth $1,561,239. 1.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

Hedge funds have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC purchased a new position in shares of Criteo in the fourth quarter worth about $669,000. Hsbc Holdings PLC purchased a new position in shares of Criteo in the fourth quarter worth about $1,580,000. Federated Hermes Inc. increased its stake in shares of Criteo by 17.8% in the third quarter. Federated Hermes Inc. now owns 120,061 shares of the information services provider’s stock worth $3,506,000 after purchasing an additional 18,128 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Criteo in the fourth quarter worth about $660,000. Finally, Cadian Capital Management LP increased its stake in shares of Criteo by 70.4% in the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after purchasing an additional 1,751,511 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

CRTO stock traded down $0.21 during mid-day trading on Tuesday, hitting $35.58. The company had a trading volume of 297,951 shares, compared to its average volume of 284,595. The firm has a market cap of $2.02 billion, a PE ratio of 36.90 and a beta of 0.95. Criteo has a 12 month low of $22.10 and a 12 month high of $39.97. The stock’s fifty day moving average price is $36.88 and its two-hundred day moving average price is $31.84.

Criteo (NASDAQ:CRTOGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The information services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.30 by $0.14. The business had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. Criteo had a net margin of 2.96% and a return on equity of 12.33%. Equities analysts anticipate that Criteo will post 2.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. KeyCorp raised their price target on shares of Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. DA Davidson raised their price target on shares of Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of Criteo in a report on Tuesday, April 30th. Finally, Susquehanna raised their price target on shares of Criteo from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Criteo currently has a consensus rating of “Moderate Buy” and an average target price of $39.44.

Read Our Latest Stock Analysis on Criteo

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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