Stifel Financial Corp Increases Position in Criteo S.A. (NASDAQ:CRTO)

Stifel Financial Corp increased its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 263.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,786 shares of the information services provider's stock after acquiring an additional 15,067 shares during the quarter. Stifel Financial Corp's holdings in Criteo were worth $836,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRTO. Waterfront Wealth Inc. raised its holdings in Criteo by 1.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider's stock valued at $2,198,000 after acquiring an additional 686 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in shares of Criteo in the second quarter valued at $415,000. Federated Hermes Inc. raised its stake in shares of Criteo by 18.5% during the 2nd quarter. Federated Hermes Inc. now owns 56,550 shares of the information services provider's stock valued at $2,133,000 after purchasing an additional 8,823 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Criteo by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,527 shares of the information services provider's stock worth $2,623,000 after purchasing an additional 976 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Criteo by 40.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,266 shares of the information services provider's stock worth $538,000 after purchasing an additional 4,142 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Transactions at Criteo

In other Criteo news, insider Ryan Damon sold 2,793 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the sale, the insider now directly owns 115,646 shares in the company, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Js Glickman sold 1,520 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the transaction, the chief financial officer now owns 311,878 shares in the company, valued at approximately $12,587,396.08. This trade represents 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 worth $1,009,013 over the last quarter. 1.71% of the stock is currently owned by insiders.

Criteo Price Performance

CRTO stock traded down $1.23 during trading on Wednesday, hitting $41.00. 121,240 shares of the stock traded hands, compared to its average volume of 378,151. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 27.89 and a beta of 1.05. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93. The firm's 50 day moving average is $39.88 and its two-hundred day moving average is $41.43.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson decreased their price target on shares of Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company assumed coverage on Criteo in a report on Monday, October 28th. They issued an "overweight" rating and a $70.00 price target on the stock. Susquehanna cut their price objective on Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. StockNews.com raised shares of Criteo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Finally, Benchmark reissued a "buy" rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $50.67.

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.