Criteo S.A. (NASDAQ:CRTO) Sees Significant Decrease in Short Interest

Criteo S.A. (NASDAQ:CRTO) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 2,040,000 shares, a decline of 5.1% from the August 31st total of 2,150,000 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 486,600 shares, the short-interest ratio is presently 4.2 days.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Criteo

A number of large investors have recently bought and sold shares of CRTO. Hsbc Holdings PLC acquired a new position in Criteo during the 4th quarter worth $1,580,000. Pale Fire Capital SE acquired a new position in Criteo during the 4th quarter worth $443,000. Cadian Capital Management LP lifted its position in Criteo by 70.4% during the 4th quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after acquiring an additional 1,751,511 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in Criteo during the 4th quarter worth $119,000. Finally, Orchard Capital Management LLC lifted its position in Criteo by 3.2% during the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock worth $11,493,000 after acquiring an additional 14,281 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Stock Down 0.2 %

Criteo stock opened at $40.16 on Wednesday. The company’s fifty day simple moving average is $45.21 and its 200-day simple moving average is $39.91. Criteo has a 12 month low of $22.10 and a 12 month high of $49.93. The stock has a market cap of $2.28 billion, a P/E ratio of 41.40 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. Criteo’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. On average, equities research analysts expect that Criteo will post 2.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on CRTO shares. KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. BMO Capital Markets upped their price target on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Morgan Stanley lifted their price objective on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Benchmark lifted their price objective on shares of Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.11.

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.