Criteo S.A. (NASDAQ:CRTO) Short Interest Update

Criteo S.A. (NASDAQ:CRTO) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,586,039 shares, a growth of 47.7% from the July 30th total of 1,073,598 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily trading volume, of 838,289 shares, the days-to-cover ratio is currently 1.9 days.

Insider Buying and Selling at Criteo

In other news, insider Ryan Damon sold 6,178 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the completion of the sale, the insider directly owned 167,765 shares of the company’s stock, valued at approximately $2,890,590.95. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Js Glickman sold 6,285 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $108,290.55. Following the completion of the sale, the chief financial officer directly owned 424,612 shares of the company’s stock, valued at $7,316,064.76. This represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 30,725 shares of company stock valued at $529,527 in the last 90 days. 1.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in shares of Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the period. Invesco Ltd. boosted its position in shares of Criteo by 7.2% during the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock valued at $391,000 after acquiring an additional 1,094 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Criteo by 145.0% in the second quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock valued at $10,372,000 after acquiring an additional 256,227 shares during the period. The Manufacturers Life Insurance Company raised its position in Criteo by 41.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock worth $206,000 after purchasing an additional 2,524 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Criteo by 1.9% in the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after purchasing an additional 82,134 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Performance

Shares of NASDAQ:CRTO traded down $0.35 during trading on Tuesday, hitting $17.30. 92,152 shares of the stock were exchanged, compared to its average volume of 453,240. Criteo has a 1-year low of $15.57 and a 1-year high of $25.29. The company has a market capitalization of $847.70 million, a price-to-earnings ratio of 8.78 and a beta of 0.29. The company’s fifty day simple moving average is $19.72 and its 200-day simple moving average is $18.55.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. Criteo had a return on equity of 14.33% and a net margin of 5.60%.Criteo’s revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. On average, research analysts forecast that Criteo will post 2.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRTO. DA Davidson reaffirmed a “buy” rating and set a $24.00 target price on shares of Criteo in a research report on Tuesday, July 7th. BMO Capital Markets set a $20.00 price target on shares of Criteo in a research report on Thursday, August 6th. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 price objective (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a report on Friday, July 17th. Finally, Huber Research lowered shares of Criteo from an “overweight” rating to an “underweight” rating in a research report on Monday, August 24th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.65.

About Criteo

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.