Vega Investment Solutions Invests $41,000 in Criteo S.A. (NASDAQ:CRTO)

Vega Investment Solutions acquired a new position in Criteo S.A. (NASDAQ:CRTO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,031 shares of the information services provider’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Advisers LP lifted its stake in shares of Criteo by 102.7% in the fourth quarter. Two Sigma Advisers LP now owns 564,000 shares of the information services provider’s stock worth $22,312,000 after buying an additional 285,800 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Criteo by 17.3% in the fourth quarter. Two Sigma Investments LP now owns 360,616 shares of the information services provider’s stock worth $14,266,000 after buying an additional 53,230 shares during the last quarter. State of Wyoming raised its stake in Criteo by 15.5% during the 4th quarter. State of Wyoming now owns 17,509 shares of the information services provider’s stock valued at $693,000 after purchasing an additional 2,351 shares during the last quarter. Quantedge Capital Pte Ltd raised its stake in Criteo by 16.9% during the 4th quarter. Quantedge Capital Pte Ltd now owns 273,700 shares of the information services provider’s stock valued at $10,828,000 after purchasing an additional 39,600 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in Criteo during the 4th quarter valued at $339,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Price Performance

Shares of Criteo stock opened at $26.49 on Friday. The firm has a market capitalization of $1.53 billion, a PE ratio of 15.77 and a beta of 0.63. The company’s fifty day moving average price is $31.43 and its two-hundred day moving average price is $36.86. Criteo S.A. has a 52-week low of $26.06 and a 52-week high of $49.93.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.33. The firm had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. Analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other news, insider Brian Gleason sold 2,841 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the sale, the insider now owns 157,450 shares of the company’s stock, valued at approximately $5,335,980.50. This represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is owned by insiders.

Analysts Set New Price Targets

CRTO has been the subject of several research analyst reports. Stifel Nicolaus cut their target price on shares of Criteo from $61.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their target price on shares of Criteo from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Criteo from $39.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. Finally, BMO Capital Markets cut their target price on shares of Criteo from $60.00 to $49.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.70.

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.