Criteo S.A. (NASDAQ:CRTO) Sees Large Decline in Short Interest

Criteo S.A. (NASDAQ:CRTO - Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,780,000 shares, a decrease of 6.8% from the September 30th total of 1,910,000 shares. Based on an average daily volume of 400,200 shares, the short-interest ratio is currently 4.4 days. Currently, 3.3% of the company's shares are short sold.

Insider Activity

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the transaction, the chief financial officer now owns 313,398 shares of the company's stock, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. GAMMA Investing LLC lifted its position in Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock worth $28,000 after purchasing an additional 297 shares during the period. USA Financial Formulas acquired a new position in Criteo during the third quarter worth about $31,000. Farther Finance Advisors LLC bought a new stake in Criteo in the third quarter worth about $50,000. EverSource Wealth Advisors LLC lifted its holdings in Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider's stock valued at $53,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider's stock valued at $64,000 after purchasing an additional 718 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Price Performance

CRTO stock traded up $0.09 during midday trading on Thursday, reaching $33.68. 982,847 shares of the company's stock traded hands, compared to its average volume of 362,806. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $49.93. The business has a 50-day moving average price of $42.60 and a two-hundred day moving average price of $40.71. The company has a market capitalization of $1.91 billion, a P/E ratio of 34.51 and a beta of 0.99.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. As a group, research analysts forecast that Criteo will post 2.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRTO has been the subject of a number of recent analyst reports. DA Davidson decreased their price target on Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a report on Thursday. Morgan Stanley boosted their target price on Criteo from $35.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 23rd. BMO Capital Markets increased their price target on shares of Criteo from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Wells Fargo & Company assumed coverage on shares of Criteo in a research report on Monday. They set an "overweight" rating and a $70.00 price objective for the company. Finally, Benchmark restated a "buy" rating and issued a $56.00 target price on shares of Criteo in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.22.

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.