Townsquare Capital LLC Purchases 8,671 Shares of Criteo S.A. (NASDAQ:CRTO)

Townsquare Capital LLC lifted its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,623 shares of the information services provider's stock after acquiring an additional 8,671 shares during the quarter. Townsquare Capital LLC owned 0.11% of Criteo worth $2,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in Criteo by 53.2% in 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 in the last quarter. Palumbo Wealth Management LLC acquired a new position in Criteo during the 4th quarter worth $208,000. Trexquant Investment LP acquired a new position in shares of Criteo during the 4th quarter worth about $220,000. Blue Trust Inc. boosted its position in shares of Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after acquiring an additional 1,916 shares during the period. Finally, Assetmark Inc. increased its holdings 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 worth $244,000 after purchasing an additional 558 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Activity

In other Criteo news, insider Brian Gleason sold 1,924 shares of the firm's 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 completion of the transaction, the insider now directly owns 137,161 shares of the company's stock, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now directly owns 502,052 shares of the company's stock, valued at $22,346,334.52. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock valued at $1,124,213 over the last quarter. Company insiders own 1.71% of the company's stock.

Criteo Trading Up 2.4 %

Shares of CRTO traded up $0.70 on Friday, reaching $29.90. The company's stock had a trading volume of 400,697 shares, compared to its average volume of 430,226. Criteo S.A. has a twelve month low of $27.46 and a twelve month high of $49.93. The firm has a fifty day moving average of $35.90 and a 200-day moving average of $38.44. The stock has a market capitalization of $1.73 billion, a PE 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, topping analysts' consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, equities analysts anticipate that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRTO. DA Davidson increased their price objective on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. BMO Capital Markets increased their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Stifel Nicolaus restated a "buy" rating and set a $61.00 target price (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Criteo from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Wells Fargo & Company increased their price target on shares of Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $51.40.

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.