Covestor Ltd Buys 718 Shares of Criteo S.A. (NASDAQ:CRTO)

Covestor Ltd grew its stake in Criteo S.A. (NASDAQ:CRTO) by 64.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,838 shares of the information services provider’s stock after buying an additional 718 shares during the period. Covestor Ltd’s holdings in Criteo were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CRTO. Cadian Capital Management LP grew its position in shares of Criteo by 70.4% during the 4th 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 during the period. Acadian Asset Management LLC increased its stake in Criteo by 0.3% in the first quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock valued at $76,972,000 after purchasing an additional 6,698 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Criteo by 3.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after purchasing an additional 37,364 shares during the period. Orchard Capital Management LLC boosted its position in shares of Criteo by 3.2% during the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock worth $11,493,000 after purchasing an additional 14,281 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Criteo by 23.3% in the 1st quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock valued at $7,014,000 after buying an additional 37,844 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRTO has been the topic of a number of research reports. DA Davidson upped their price target on Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. BMO Capital Markets upgraded shares of Criteo from a “market perform” rating to an “outperform” rating and increased their target price for the company from $31.00 to $45.00 in a report on Friday, May 24th. JPMorgan Chase & Co. raised their price target on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Morgan Stanley upped their price objective on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, KeyCorp lifted their target price on shares of Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Criteo presently has an average rating of “Moderate Buy” and a consensus target price of $41.33.

Insider Activity

In related news, CEO Megan Clarken sold 3,894 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $151,827.06. Following the completion of the transaction, the chief executive officer now owns 533,202 shares of the company’s stock, valued at $20,789,545.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Ryan Damon sold 946 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $38.99, for a total value of $36,884.54. Following the sale, the insider now directly owns 153,623 shares of the company’s stock, valued at $5,989,760.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Megan Clarken sold 3,894 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $151,827.06. Following the sale, the chief executive officer now owns 533,202 shares in the company, valued at approximately $20,789,545.98. The disclosure for this sale can be found here. Insiders have sold a total of 36,168 shares of company stock worth $1,366,398 over the last ninety days. Company insiders own 1.71% of the company’s stock.

Criteo Stock Down 0.9 %

Shares of NASDAQ:CRTO opened at $44.95 on Thursday. The company has a 50-day moving average price of $38.37 and a two-hundred day moving average price of $34.40. Criteo S.A. has a twelve month low of $22.10 and a twelve month high of $46.33. The firm has a market capitalization of $2.55 billion, a PE ratio of 46.34 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. Criteo had a return on equity of 12.33% and a net margin of 2.96%. The firm had revenue of $253.89 million for the quarter, compared to the consensus estimate of $246.10 million. Analysts anticipate that Criteo S.A. will post 2.26 earnings per share for the current fiscal year.

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.