Public Employees Retirement System of Ohio Takes Position in Criteo S.A. (NASDAQ:CRTO)

Public Employees Retirement System of Ohio purchased a new stake in Criteo S.A. (NASDAQ:CRTO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 165,900 shares of the information services provider’s stock, valued at approximately $6,676,000.

A number of other large investors have also added to or reduced their stakes in the stock. USA Financial Formulas acquired a new stake in shares of Criteo during the 3rd quarter worth $31,000. Farther Finance Advisors LLC bought a new position in Criteo in the 3rd quarter valued at about $50,000. EverSource Wealth Advisors LLC raised its position in shares of Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after buying an additional 1,250 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after acquiring an additional 1,823 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after acquiring an additional 869 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Price Performance

NASDAQ:CRTO opened at $42.57 on Friday. The company has a market cap of $2.35 billion, a PE ratio of 28.96 and a beta of 1.05. The firm’s 50 day simple moving average is $39.60 and its 200 day simple moving average is $41.21. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93.

Analyst Ratings Changes

Several brokerages have commented on CRTO. DA Davidson lowered their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company initiated coverage on Criteo in a research note on Monday, October 28th. They set an “overweight” rating and a $70.00 target price for the company. Benchmark restated a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th. Finally, Susquehanna dropped their price objective 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 and six have issued a buy rating to the company. Based on data from MarketBeat, Criteo has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

Insider Activity at Criteo

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the sale, the chief executive officer now owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,765 shares of company stock worth $1,009,013 over the last three months. Company insiders own 1.71% of the company’s stock.

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.