Cubist Systematic Strategies LLC Buys 51,870 Shares of Criteo S.A. (NASDAQ:CRTO)

Cubist Systematic Strategies LLC boosted its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 93.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,553 shares of the information services provider’s stock after acquiring an additional 51,870 shares during the period. Cubist Systematic Strategies LLC owned 0.19% of Criteo worth $4,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cadian Capital Management LP lifted its position in shares of Criteo by 70.4% in the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after buying an additional 1,751,511 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Criteo in the 4th quarter worth approximately $1,580,000. BNP Paribas Financial Markets grew its holdings in shares of Criteo by 23.3% in the first quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock valued at $7,014,000 after purchasing an additional 37,844 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Criteo by 3.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock worth $38,608,000 after purchasing an additional 37,364 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in Criteo by 63.0% during the first quarter. GSA Capital Partners LLP now owns 72,339 shares of the information services provider’s stock valued at $2,537,000 after purchasing an additional 27,947 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the transaction, the chief financial officer now directly owns 320,201 shares in the company, valued at approximately $14,565,943.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Macquarie lifted their price objective on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. BMO Capital Markets lifted their price target on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Benchmark upped their price objective on Criteo from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and boosted their target price for the company from $43.00 to $58.00 in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.11.

Criteo Stock Up 3.7 %

CRTO opened at $40.54 on Friday. The business has a fifty day moving average of $45.30 and a 200 day moving average of $39.84. The stock has a market cap of $2.30 billion, a P/E ratio of 41.79 and a beta of 0.99. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $49.93.

Criteo (NASDAQ:CRTO) last released its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. Equities analysts anticipate that Criteo S.A. will post 2.8 EPS for the current fiscal 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.