BNP Paribas Financial Markets Buys 37,844 Shares of Criteo S.A. (NASDAQ:CRTO)

BNP Paribas Financial Markets boosted its stake in shares of Criteo S.A. (NASDAQ:CRTOFree Report) by 23.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,011 shares of the information services provider’s stock after buying an additional 37,844 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.36% of Criteo worth $7,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cadian Capital Management LP boosted its position in Criteo by 70.4% during the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after purchasing an additional 1,751,511 shares during the period. Orchard Capital Management LLC boosted its position in Criteo by 3.2% during the fourth quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock worth $11,493,000 after purchasing an additional 14,281 shares during the period. VELA Investment Management LLC boosted its position in Criteo by 21.5% during the fourth quarter. VELA Investment Management LLC now owns 99,086 shares of the information services provider’s stock worth $2,509,000 after purchasing an additional 17,561 shares during the period. Hsbc Holdings PLC bought a new position in Criteo during the fourth quarter worth about $1,580,000. Finally, Jump Financial LLC boosted its position in Criteo by 136.0% during the fourth quarter. Jump Financial LLC now owns 55,200 shares of the information services provider’s stock worth $1,398,000 after purchasing an additional 31,807 shares during the period. Institutional investors own 94.27% of the company’s stock.

Criteo Price Performance

Shares of CRTO opened at $39.93 on Thursday. The firm’s 50 day simple moving average is $37.69 and its 200 day simple moving average is $33.30. The company has a market capitalization of $2.26 billion, a P/E ratio of 41.17 and a beta of 0.99. Criteo S.A. has a 1-year low of $22.10 and a 1-year high of $40.29.

Criteo (NASDAQ:CRTOGet Free Report) last announced its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. The business had revenue of $253.89 million for the quarter, compared to the consensus estimate of $246.10 million. Criteo had a net margin of 2.96% and a return on equity of 12.33%. On average, equities analysts anticipate that Criteo S.A. will post 2.26 earnings per share for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the transaction, the chief financial officer now directly owns 327,232 shares in the company, valued at $11,584,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Criteo news, insider Ryan Damon sold 946 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $36,884.54. Following the transaction, the insider now directly owns 153,623 shares in the company, valued at $5,989,760.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares in the company, valued at $11,584,012.80. The disclosure for this sale can be found here. Insiders have sold 41,672 shares of company stock worth $1,561,239 over the last ninety days. Insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CRTO shares. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of Criteo in a research report on Tuesday, April 30th. KeyCorp increased their price target on shares of Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Susquehanna increased their price target on shares of Criteo from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. BMO Capital Markets raised shares of Criteo from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $31.00 to $45.00 in a report on Friday, May 24th. Finally, DA Davidson increased their price target on shares of Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

View Our Latest Report on Criteo

Criteo Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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