Janney Montgomery Scott LLC Invests $510,000 in Criteo S.A. (NASDAQ:CRTO)

Janney Montgomery Scott LLC purchased a new position in Criteo S.A. (NASDAQ:CRTO) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,892 shares of the information services provider’s stock, valued at approximately $510,000.

A number of other institutional investors also recently made changes to their positions in CRTO. Whale Rock Capital Management LLC lifted its stake in Criteo by 230.1% during the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after purchasing an additional 1,756,507 shares during the last quarter. Congress Asset Management Co. purchased a new stake in shares of Criteo in the 3rd quarter valued at approximately $48,653,000. Lord Abbett & CO. LLC lifted its position in shares of Criteo by 42.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after acquiring an additional 547,718 shares in the last quarter. Senvest Management LLC lifted its position in shares of Criteo by 19.6% in the 3rd 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 in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Criteo in the 3rd quarter valued at approximately $6,676,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson upped their price target on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped 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. BMO Capital Markets upped their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Susquehanna decreased their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.90.

Insider Activity

In related news, CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the completion of the transaction, the chief financial officer now owns 311,878 shares in the company, valued at approximately $12,587,396.08. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Gleason sold 1,924 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now owns 137,161 shares of the company’s stock, valued at $5,223,090.88. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,541 shares of company stock worth $860,406 over the last quarter. 1.71% of the stock is currently owned by company insiders.

Criteo Price Performance

CRTO opened at $45.50 on Monday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 27.08 and a beta of 1.05. The firm has a 50 day simple moving average of $40.24 and a 200 day simple moving average of $41.55. Criteo S.A. has a fifty-two week low of $30.76 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating the consensus estimate 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, analysts expect that Criteo S.A. will post 2.62 EPS for the current year.

Criteo Company Profile

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.