Criteo S.A. (NASDAQ:CRTO) Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,213 shares of the information services provider's stock after buying an additional 58,460 shares during the quarter. Royce & Associates LP owned about 0.64% of Criteo worth $13,973,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Senvest Management LLC boosted its position in shares of Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock valued at $116,526,000 after purchasing an additional 475,530 shares during the period. Whale Rock Capital Management LLC lifted its stake in Criteo by 230.1% in the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider's stock valued at $101,399,000 after buying an additional 1,756,507 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Criteo by 42.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider's stock valued at $74,567,000 after acquiring an additional 547,718 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Criteo by 41,776.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock worth $39,348,000 after acquiring an additional 992,180 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 acquiring an additional 103,593 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRTO. Wells Fargo & Company increased their price target on shares of Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. DA Davidson raised their price target on Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Stifel Nicolaus restated a "buy" rating and issued a $61.00 price target (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Finally, StockNews.com cut Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Criteo presently has an average rating of "Moderate Buy" and a consensus target price of $52.90.

Insiders Place Their Bets

In other news, insider Brian Gleason sold 3,135 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the sale, the insider now owns 139,085 shares of the company's stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at $21,267,255.24. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is owned by company insiders.

Criteo Stock Up 1.0 %

CRTO stock traded up $0.38 on Friday, reaching $36.88. 748,450 shares of the company's stock were exchanged, compared to its average volume of 419,497. The stock has a fifty day moving average of $39.17 and a 200-day moving average of $40.11. The firm has a market cap of $2.13 billion, a PE ratio of 21.95 and a beta of 0.98. Criteo S.A. has a twelve month low of $33.15 and a twelve month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. On average, equities research analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

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.