Townsquare Capital LLC Acquires New Holdings in Criteo S.A. (NASDAQ:CRTO)

Townsquare Capital LLC acquired a new stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 53,952 shares of the information services provider's stock, valued at approximately $2,171,000. Townsquare Capital LLC owned 0.10% of Criteo at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. purchased a new stake in Criteo in the 3rd quarter worth $48,653,000. Senvest Management LLC lifted its position in shares of Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock worth $116,526,000 after purchasing an additional 475,530 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Criteo during the second quarter worth approximately $11,059,000. BNP Paribas Financial Markets increased its stake in shares of Criteo by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider's stock worth $17,602,000 after buying an additional 103,593 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Criteo by 518.9% in the third 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 purchasing an additional 67,913 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Performance

Shares of NASDAQ CRTO traded down $1.56 during trading on Friday, reaching $40.78. The stock had a trading volume of 523,802 shares, compared to its average volume of 561,376. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The stock has a market cap of $2.25 billion, a PE ratio of 27.74 and a beta of 1.02. The firm's 50 day moving average price is $39.29 and its two-hundred day moving average price is $40.92.

Wall Street Analysts Forecast Growth

CRTO has been the subject of several recent research reports. Wells Fargo & Company assumed coverage on Criteo in a report on Monday, October 28th. They set an "overweight" rating and a $70.00 price target for the company. StockNews.com upgraded Criteo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Benchmark restated a "buy" rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, November 19th. DA Davidson reduced their price objective on Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, Susquehanna reduced their price objective on Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Criteo has an average rating of "Moderate Buy" and a consensus target price of $50.67.

Insider Buying and Selling

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the transaction, the insider now owns 146,470 shares of the company's stock, valued at $6,019,917. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,972 shares of company stock worth $890,198 in the last three months. 1.71% of the stock is owned by insiders.

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.