Townsquare Capital LLC Makes New Investment in Criteo S.A. (NASDAQ:CRTO)

Townsquare Capital LLC acquired a new position in Criteo S.A. (NASDAQ:CRTO) during the third quarter, Holdings Channel reports. The institutional investor acquired 53,952 shares of the information services provider’s stock, valued at approximately $2,171,000.

Several other large investors have also made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in Criteo by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after buying an additional 103,593 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Criteo in the third quarter valued at approximately $1,573,000. Senvest Management LLC grew its stake in shares of Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after acquiring an additional 475,530 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Criteo by 80.0% during 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 purchasing an additional 21,509 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in Criteo in the 3rd quarter valued at $1,405,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $40.78 on Friday. The company’s fifty day moving average is $39.29 and its 200-day moving average is $40.90. Criteo S.A. has a 52 week low of $23.87 and a 52 week high of $49.93. The company has a market capitalization of $2.25 billion, a PE ratio of 27.74 and a beta of 1.02.

Insider Buying and Selling at Criteo

In other news, insider Ryan Damon sold 2,885 shares of Criteo stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the completion of the transaction, the insider now owns 118,334 shares in the company, valued at approximately $4,775,960.24. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $6,019,917. This trade represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,972 shares of company stock worth $890,198 over the last ninety days. Corporate insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRTO. Benchmark restated a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Susquehanna cut their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. DA Davidson reduced their price objective on 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 upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company initiated coverage on shares of Criteo in a research note on Monday, October 28th. They set an “overweight” rating and a $70.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.67.

Criteo 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.