Royce & Associates LP Reduces Stake in Criteo S.A. (NASDAQ:CRTO)

Royce & Associates LP lowered its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 294,753 shares of the information services provider's stock after selling 42,610 shares during the quarter. Royce & Associates LP owned about 0.53% of Criteo worth $11,861,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new stake in shares of Criteo in the 3rd quarter worth approximately $441,000. Atria Investments Inc purchased a new position in Criteo during the third quarter valued at $250,000. Assetmark Inc. boosted its holdings in Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider's stock worth $226,000 after acquiring an additional 424 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Criteo by 3.5% in 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 during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Criteo by 518.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider's stock worth $3,259,000 after acquiring an additional 67,913 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Criteo Price Performance

Shares of NASDAQ:CRTO traded down $1.00 during mid-day trading on Friday, reaching $36.93. 414,702 shares of the company traded hands, compared to its average volume of 519,397. The company's 50 day moving average price is $39.93 and its 200-day moving average price is $40.78. The firm has a market cap of $2.04 billion, a PE ratio of 25.12 and a beta of 1.02. Criteo S.A. has a 52 week low of $23.59 and a 52 week high of $49.93.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRTO. JPMorgan Chase & Co. upped their price target on shares of Criteo from $40.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. DA Davidson dropped their target price on shares of Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company initiated coverage on shares of Criteo in a research report on Monday, October 28th. They set an "overweight" rating and a $70.00 price target for the company. Benchmark restated a "buy" rating and issued a $56.00 price objective on shares of Criteo in a report on Thursday, October 10th. Finally, Morgan Stanley increased their target price on Criteo from $35.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Criteo currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.22.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of the firm's stock in a transaction on 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 directly owns 313,398 shares of the company's stock, valued at approximately $12,723,958.80. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the sale, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. This represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

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.