Criteo S.A. (NASDAQ:CRTO) Short Interest Up 80.7% in June

Criteo S.A. (NASDAQ:CRTO) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 923,100 shares, a growth of 80.7% from the May 31st total of 510,900 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 346,300 shares, the short-interest ratio is currently 2.7 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRTO. KeyCorp boosted their target price on shares of Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. DA Davidson boosted their target price on shares of Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their price objective on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Susquehanna upped their price objective on shares of Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, BMO Capital Markets raised shares of Criteo from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $31.00 to $45.00 in a research note on Friday, May 24th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.44.

Insider Buying and Selling at Criteo

In other news, major shareholder Till Hufnagel acquired 6,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of $37.67 per share, with a total value of $226,020.00. Following the completion of the acquisition, the insider now owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Ryan Damon sold 21,661 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $37.12, for a total transaction of $804,056.32. Following the completion of the sale, the insider now owns 154,569 shares of the company’s stock, valued at $5,737,601.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Till Hufnagel bought 6,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of $37.67 per share, with a total value of $226,020.00. Following the purchase, the insider now directly owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 41,672 shares of company stock valued at $1,561,239. Corporate insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in CRTO. Citigroup Inc. purchased a new stake in Criteo during the 3rd quarter worth approximately $33,000. Mather Group LLC. purchased a new stake in Criteo during the 1st quarter worth approximately $48,000. Covestor Ltd increased its stake in Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after buying an additional 718 shares during the period. Barometer Capital Management Inc. purchased a new stake in Criteo during the 4th quarter worth approximately $119,000. Finally, FNY Investment Advisers LLC increased its stake in Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after buying an additional 4,500 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Up 2.3 %

NASDAQ:CRTO traded up $0.84 on Friday, hitting $37.72. The stock had a trading volume of 467,818 shares, compared to its average volume of 445,419. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 38.89 and a beta of 0.95. The company has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $32.50. Criteo has a 1-year low of $22.10 and a 1-year high of $39.97.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Thursday, May 2nd. The information services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.30 by $0.14. Criteo had a net margin of 2.96% and a return on equity of 12.33%. The firm had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. As a group, analysts anticipate that Criteo will post 2.26 earnings per share for the current 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.