Public Employees Retirement System of Ohio Invests $6.68 Million in Criteo S.A. (NASDAQ:CRTO)

Public Employees Retirement System of Ohio acquired a new position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 165,900 shares of the information services provider's stock, valued at approximately $6,676,000. Public Employees Retirement System of Ohio owned approximately 0.30% of Criteo at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRTO. Assetmark Inc. increased its stake in Criteo by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider's stock valued at $226,000 after purchasing an additional 424 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Criteo by 3.5% during the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider's stock worth $624,000 after acquiring an additional 518 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Criteo by 1.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider's stock worth $2,198,000 after acquiring an additional 686 shares during the last quarter. USA Financial Formulas bought a new position in Criteo in the 3rd quarter valued at about $31,000. Finally, GAMMA Investing LLC lifted its position in Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock valued at $65,000 after acquiring an additional 869 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the transaction, the insider now owns 115,646 shares in the company, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the sale, the chief financial officer now owns 311,878 shares in the company, valued at $12,587,396.08. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,765 shares of company stock valued at $1,009,013 over the last ninety days. 1.71% of the stock is currently owned by insiders.

Criteo Stock Performance

CRTO traded down $0.08 during midday trading on Friday, reaching $42.57. The company had a trading volume of 215,445 shares, compared to its average volume of 382,348. Criteo S.A. has a 12-month low of $23.87 and a 12-month high of $49.93. The business has a 50-day moving average price of $39.60 and a two-hundred day moving average price of $41.22. The stock has a market cap of $2.35 billion, a PE ratio of 28.96 and a beta of 1.05.

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.