Criteo S.A. (NASDAQ:CRTO) Short Interest Update

Criteo S.A. (NASDAQ:CRTO) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,150,000 shares, a decline of 5.7% from the August 15th total of 2,280,000 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average trading volume of 468,400 shares, the days-to-cover ratio is presently 4.6 days.

Analyst Upgrades and Downgrades

CRTO has been the topic of a number of research reports. KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. BMO Capital Markets boosted their target price on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and boosted their target price for the company from $43.00 to $58.00 in a research report on Tuesday, August 6th. Finally, Susquehanna boosted their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Four 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $50.11.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of large investors have recently bought and sold shares of CRTO. BNP Paribas Financial Markets boosted its holdings in Criteo by 85.6% during the 4th quarter. BNP Paribas Financial Markets now owns 162,167 shares of the information services provider’s stock valued at $4,106,000 after acquiring an additional 74,774 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Criteo by 7.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock worth $287,000 after buying an additional 822 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Criteo in the 4th quarter worth $660,000. Hsbc Holdings PLC purchased a new stake in shares of Criteo in the 4th quarter worth $1,580,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Criteo in the 4th quarter worth $669,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Stock Up 0.8 %

CRTO opened at $42.70 on Friday. The business has a fifty day moving average of $45.15 and a 200 day moving average of $39.46. Criteo has a 52-week low of $22.10 and a 52-week high of $49.93. The stock has a market cap of $2.42 billion, a P/E ratio of 44.02 and a beta of 0.99.

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

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.