Criteo S.A. (NASDAQ:CRTO – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 1,400,000 shares, a growth of 26.1% from the June 30th total of 1,110,000 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average trading volume of 422,100 shares, the days-to-cover ratio is presently 3.3 days.
Criteo Stock Down 2.0 %
CRTO traded down $0.90 during midday trading on Tuesday, reaching $43.18. The company had a trading volume of 211,084 shares, compared to its average volume of 334,027. The business has a 50-day moving average of $38.99 and a two-hundred day moving average of $34.97. The company has a market cap of $2.45 billion, a P/E ratio of 45.44 and a beta of 0.99. Criteo has a 1 year low of $22.10 and a 1 year high of $46.33.
Criteo (NASDAQ:CRTO – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The information services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. The business had revenue of $253.89 million during the quarter, compared to analysts’ expectations of $246.10 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. On average, equities research analysts predict that Criteo will post 2.26 EPS for the current year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Criteo
Insiders Place Their Bets
In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Till Hufnagel sold 1,540 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $37.07, for a total transaction of $57,087.80. Following the transaction, the insider now directly owns 1,759,275 shares of the company’s stock, valued at $65,216,324.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,496 shares of the company’s stock in a transaction on 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 $14,565,943.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,664 shares of company stock valued at $1,616,411. 1.71% of the stock is currently owned by corporate insiders.
Institutional Trading of Criteo
A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. GAMMA Investing LLC grew its position in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Criteo during the third quarter worth about $33,000. Mather Group LLC. purchased a new stake in shares of Criteo during the first quarter worth about $48,000. Covestor Ltd grew its position in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after purchasing an additional 1,823 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.
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.
Read More
- Five stocks we like better than Criteo
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- What does consumer price index measure?
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.