Nierenberg Investment Management Company Inc. Buys Shares of 67,555 Criteo S.A. (NASDAQ:CRTO)

Nierenberg Investment Management Company Inc. purchased a new position in shares of Criteo S.A. (NASDAQ:CRTO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,555 shares of the information services provider’s stock, valued at approximately $2,672,000. Criteo comprises about 1.5% of Nierenberg Investment Management Company Inc.’s portfolio, making the stock its 12th largest position.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Criteo by 80.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after buying an additional 21,509 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Criteo in the 3rd quarter worth approximately $928,000. Point72 Asset Management L.P. lifted its stake in shares of Criteo by 681.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider’s stock worth $1,038,000 after acquiring an additional 22,500 shares during the period. Stifel Financial Corp boosted its holdings in shares of Criteo by 263.5% in the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after acquiring an additional 15,067 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Criteo by 1,349.3% during the third quarter. Jane Street Group LLC now owns 101,277 shares of the information services provider’s stock valued at $4,075,000 after acquiring an additional 94,289 shares during the period. Institutional investors own 94.27% of the company’s stock.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total transaction of $332,979.31. Following the transaction, the chief executive officer now owns 502,052 shares of the company’s stock, valued at $22,346,334.52. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the transaction, the insider now owns 139,085 shares in the company, valued at $5,139,190.75. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock valued at $1,124,213 in the last three months. 1.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CRTO shares. Wells Fargo & Company upped their target price on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. DA Davidson upped their price objective on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley boosted their price target on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets raised their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.90.

Criteo Trading Down 2.6 %

Shares of CRTO opened at $29.28 on Tuesday. Criteo S.A. has a 1-year low of $28.29 and a 1-year high of $49.93. The stock has a market capitalization of $1.69 billion, a P/E ratio of 17.43 and a beta of 0.74. The business’s 50-day moving average price is $38.53 and its 200 day moving average price is $39.29.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping 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%. On average, research analysts predict that Criteo S.A. will post 3.09 earnings per share 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.