Nierenberg Investment Management Company Inc. Takes $2.67 Million Position in Criteo S.A. (NASDAQ:CRTO)

Nierenberg Investment Management Company Inc. purchased a new stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,555 shares of the information services provider's stock, valued at approximately $2,672,000. Criteo accounts for 1.5% of Nierenberg Investment Management Company Inc.'s portfolio, making the stock its 12th biggest holding. Nierenberg Investment Management Company Inc. owned 0.12% of Criteo as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRTO. Charles Schwab Investment Management Inc. boosted its position in Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock worth $1,947,000 after acquiring an additional 21,509 shares during the period. Stifel Financial Corp boosted its holdings in shares of Criteo by 263.5% during the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider's stock worth $836,000 after purchasing an additional 15,067 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Criteo by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock worth $13,596,000 after purchasing an additional 80,424 shares during the period. Barclays PLC grew its position in Criteo by 40.6% during the third quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock valued at $249,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Criteo by 681.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider's stock valued at $1,038,000 after buying an additional 22,500 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Buying and Selling

In related news, insider Brian Gleason sold 1,924 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now owns 137,161 shares of the company's stock, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 7,481 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now directly owns 502,052 shares of the company's stock, valued at approximately $22,346,334.52. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,363 shares of company stock valued at $1,124,213. Insiders own 1.71% of the company's stock.

Wall Street Analyst Weigh In

CRTO has been the subject of a number of research reports. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. BMO Capital Markets lifted their price objective on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their price target on Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.80.

Criteo Stock Down 2.1 %

Shares of NASDAQ:CRTO traded down $0.62 during trading on Friday, reaching $28.39. The stock had a trading volume of 411,460 shares, compared to its average volume of 430,315. The stock has a fifty day simple moving average of $37.48 and a two-hundred day simple moving average of $38.80. Criteo S.A. has a 52 week low of $27.50 and a 52 week high of $49.93. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 16.90 and a beta of 0.74.

Criteo (NASDAQ:CRTO - Get Free Report) last announced 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, analysts forecast that Criteo S.A. will post 3.09 EPS for the current 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.