Intrinsic Edge Capital Management LLC Invests $9.21 Million in Criteo S.A. (NASDAQ:CRTO)

Intrinsic Edge Capital Management LLC bought a new position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 232,834 shares of the information services provider's stock, valued at approximately $9,211,000. Intrinsic Edge Capital Management LLC owned approximately 0.40% of Criteo as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Criteo by 53.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares during the last quarter. Palumbo Wealth Management LLC bought a new position in Criteo in the 4th quarter valued at $208,000. Two Sigma Securities LLC bought a new position in Criteo in the 4th quarter valued at $210,000. Trexquant Investment LP acquired a new position in Criteo in the fourth quarter worth $220,000. Finally, Blue Trust Inc. grew its holdings in shares of Criteo by 51.9% during the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after purchasing an additional 1,916 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup reiterated an "underperform" rating on shares of Criteo in a research report on Friday. BMO Capital Markets upped their target price on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. StockNews.com cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $49.64.

Insider Transactions at Criteo

In other Criteo news, 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 transaction of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares in the company, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Gleason sold 3,135 shares of Criteo stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock valued at $1,124,213 over the last three months. 1.71% of the stock is currently owned by corporate insiders.

Criteo Trading Up 2.7 %

NASDAQ CRTO opened at $34.90 on Friday. Criteo S.A. has a 12 month low of $27.46 and a 12 month high of $49.93. The stock has a 50-day simple moving average of $34.76 and a 200 day simple moving average of $38.20. The company has a market capitalization of $2.02 billion, a PE ratio of 20.77 and a beta of 0.74.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, sell-side analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

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.

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