VELA Investment Management LLC Has $4.49 Million Position in Criteo S.A. (NASDAQ:CRTO)

VELA Investment Management LLC lifted its position in shares of Criteo S.A. (NASDAQ:CRTO) by 15.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 111,624 shares of the information services provider’s stock after purchasing an additional 14,779 shares during the quarter. Criteo accounts for about 1.4% of VELA Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding. VELA Investment Management LLC’s holdings in Criteo were worth $4,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in Criteo during the third quarter worth about $50,000. Congress Asset Management Co. bought a new stake in Criteo during the third quarter worth about $48,653,000. Blue Trust Inc. raised its holdings in Criteo by 99.5% during the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after acquiring an additional 1,840 shares in the last quarter. USA Financial Formulas bought a new stake in Criteo during the third quarter worth about $31,000. Finally, GAMMA Investing LLC raised its holdings in Criteo by 117.8% during the third 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. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Benchmark restated a “buy” rating and issued a $56.00 price objective on shares of Criteo in a research note on Thursday, October 10th. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. DA Davidson dropped their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note 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, Criteo has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Price Performance

NASDAQ:CRTO traded down $0.24 during trading hours on Friday, reaching $33.44. 850,046 shares of the company were exchanged, compared to its average volume of 365,104. The company has a market capitalization of $1.87 billion, a P/E ratio of 22.75 and a beta of 0.99. Criteo S.A. has a 1-year low of $22.10 and a 1-year high of $49.93. The business has a 50 day moving average of $41.98 and a 200 day moving average of $40.65.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to the consensus estimate of $263.64 million. Criteo had a return on equity of 15.56% and a net margin of 4.52%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, equities research analysts anticipate that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Brian Gleason sold 2,841 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

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.