K.J. Harrison & Partners Inc Takes $393,000 Position in Criteo S.A. (NASDAQ:CRTO)

K.J. Harrison & Partners Inc acquired a new position in shares of Criteo S.A. (NASDAQ:CRTO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,000 shares of the information services provider’s stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Criteo during the third quarter worth $50,000. Palumbo Wealth Management LLC acquired a new position in Criteo during the 4th quarter worth about $208,000. Assetmark Inc. lifted its stake in Criteo by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after acquiring an additional 424 shares in the last quarter. Blue Trust Inc. boosted its holdings in Criteo by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 1,916 shares during the period. Finally, Barclays PLC grew its position in Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after acquiring an additional 1,787 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRTO. Benchmark reissued a “buy” rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. BMO Capital Markets increased their target price on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Susquehanna decreased their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Finally, Morgan Stanley lifted their target price on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares in the company, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 3,135 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,156 shares of company stock valued at $1,243,028 in the last ninety days. Insiders own 1.71% of the company’s stock.

Criteo Trading Down 2.7 %

Shares of NASDAQ:CRTO opened at $38.26 on Friday. The firm has a 50 day simple moving average of $40.37 and a 200-day simple moving average of $41.34. Criteo S.A. has a twelve month low of $32.14 and a twelve month high of $49.93. The company has a market capitalization of $2.21 billion, a PE ratio of 22.77 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, equities research analysts predict that Criteo S.A. will post 3.09 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.