Senvest Management LLC Buys 743,695 Shares of Criteo S.A. (NASDAQ:CRTO)

Senvest Management LLC increased its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 25.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,639,479 shares of the information services provider's stock after acquiring an additional 743,695 shares during the quarter. Criteo comprises 4.4% of Senvest Management LLC's portfolio, making the stock its 7th biggest holding. Senvest Management LLC owned 6.60% of Criteo worth $143,978,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Waterfront Wealth Inc. increased its position in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after purchasing an additional 335 shares in the last quarter. Geode Capital Management LLC grew its stake in Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock worth $1,978,000 after purchasing an additional 518 shares during the period. Assetmark Inc. lifted its position in shares of Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock valued at $244,000 after acquiring an additional 558 shares during the period. Wells Fargo & Company MN raised its stake in Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after buying an additional 1,455 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of Criteo by 31.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock worth $245,000 after acquiring an additional 1,490 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the transaction, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. This represents a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 1,924 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRTO. JPMorgan Chase & Co. reduced their target price on Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Benchmark restated a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Stifel Nicolaus reiterated a "buy" rating and issued a $61.00 price target (up previously from $59.00) on shares of Criteo in a 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. Finally, DA Davidson increased their price target on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Criteo currently has an average rating of "Moderate Buy" and an average price target of $51.40.

Criteo Price Performance

Shares of CRTO stock traded up $0.70 on Friday, hitting $29.90. 400,697 shares of the stock traded hands, compared to its average volume of 430,054. Criteo S.A. has a 52 week low of $27.46 and a 52 week high of $49.93. The firm has a 50 day simple moving average of $36.18 and a two-hundred day simple moving average of $38.51. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 17.80 and a beta of 0.74.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (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%. Sell-side analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

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.