Senvest Management LLC increased its position in Criteo S.A. (NASDAQ:CRTO – Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,071,880 shares of the information services provider’s stock after purchasing an additional 74,612 shares during the period. Criteo accounts for 3.3% of Senvest Management LLC’s portfolio, making the stock its 13th biggest position. Senvest Management LLC owned approximately 7.04% of Criteo worth $97,562,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CRTO. Envestnet Asset Management Inc. grew its holdings in Criteo by 10.1% in the first quarter. Envestnet Asset Management Inc. now owns 102,453 shares of the information services provider’s stock worth $3,628,000 after purchasing an additional 9,382 shares during the period. Invesco Ltd. boosted its position in shares of Criteo by 14.1% in the 1st quarter. Invesco Ltd. now owns 15,219 shares of the information services provider’s stock worth $539,000 after purchasing an additional 1,875 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Criteo by 21.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 86,498 shares of the information services provider’s stock worth $3,063,000 after buying an additional 15,537 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Criteo by 245.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 100,404 shares of the information services provider’s stock valued at $3,555,000 after buying an additional 71,327 shares in the last quarter. Finally, Seizert Capital Partners LLC increased its position in Criteo by 19.6% during the 1st quarter. Seizert Capital Partners LLC now owns 120,911 shares of the information services provider’s stock valued at $4,281,000 after buying an additional 19,776 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.
Criteo Price Performance
NASDAQ:CRTO opened at $19.91 on Tuesday. Criteo S.A. has a one year low of $19.50 and a one year high of $47.26. The business has a fifty day moving average price of $21.56 and a 200-day moving average price of $23.73. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.68 and a beta of 0.56.
Insider Activity at Criteo
In other news, Director Der Kooi Frederik Van bought 5,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were bought at an average price of $21.52 per share, for a total transaction of $107,600.00. Following the purchase, the director owned 21,600 shares in the company, valued at approximately $464,832. The trade was a 30.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernst 02494 Teunissen purchased 4,403 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $22.71 per share, with a total value of $99,992.13. Following the completion of the transaction, the director owned 12,468 shares of the company’s stock, valued at approximately $283,148.28. This trade represents a 54.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 11,702 shares of company stock valued at $259,573 over the last three months. 1.66% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Stifel Nicolaus cut their target price on Criteo from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Weiss Ratings downgraded shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Zacks Research raised Criteo from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Wells Fargo & Company reduced their price objective on Criteo from $54.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 29th. Finally, Benchmark lowered their target price on Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.33.
View Our Latest Research Report on CRTO
About Criteo
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.
See Also
- Five stocks we like better than Criteo
- How to Evaluate a Stock Before Buying
- Seagate Stock Could Soar as AI Drives Storage Demand
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Whirlpool’s Worst May Be Over—Upside Opportunity Ahead
- Expert Stock Trading Psychology Tips
- These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This Quarter
Want to see what other hedge funds are holding CRTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Criteo S.A. (NASDAQ:CRTO – Free Report).
Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.
