Verition Fund Management LLC Acquires New Shares in Criteo S.A. (NASDAQ:CRTO)

Verition Fund Management LLC purchased a new stake in Criteo S.A. (NASDAQ:CRTO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 23,060 shares of the information services provider's stock, valued at approximately $928,000.

Other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC acquired a new position in Criteo during the third quarter valued at $2,171,000. BNP Paribas Financial Markets lifted its holdings in Criteo by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider's stock worth $17,602,000 after purchasing an additional 103,593 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Criteo during the 3rd quarter worth $1,573,000. Senvest Management LLC boosted its holdings in Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock valued at $116,526,000 after acquiring an additional 475,530 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock valued at $1,947,000 after purchasing an additional 21,509 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Damon sold 2,885 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the sale, the insider now directly owns 118,334 shares of the company's stock, valued at $4,775,960.24. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,972 shares of company stock valued at $890,198 over the last ninety days. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Criteo Stock Performance

Criteo stock traded up $0.42 during trading hours on Monday, hitting $42.42. 372,516 shares of the stock were exchanged, compared to its average volume of 383,782. Criteo S.A. has a 12 month low of $23.87 and a 12 month high of $49.93. The business's 50-day moving average is $39.37 and its two-hundred day moving average is $41.14. The stock has a market capitalization of $2.34 billion, a P/E ratio of 28.86 and a beta of 1.05.

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.