Criteo S.A. (NASDAQ:CRTO) Holdings Reduced by Bpifrance SA

Bpifrance SA cut its holdings in Criteo S.A. (NASDAQ:CRTOFree Report) by 24.2% during the first quarter, Holdings Channel reports. The firm owned 1,359,376 shares of the information services provider’s stock after selling 433,275 shares during the quarter. Criteo makes up 0.8% of Bpifrance SA’s portfolio, making the stock its 3rd biggest holding. Bpifrance SA’s holdings in Criteo were worth $47,673,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. bought a new stake in Criteo in the 3rd quarter worth approximately $33,000. Mather Group LLC. bought a new stake in Criteo in the 1st quarter worth approximately $48,000. Barometer Capital Management Inc. bought a new stake in Criteo in the 4th quarter worth approximately $119,000. FNY Investment Advisers LLC increased its stake in Criteo by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in Criteo in the 1st quarter worth approximately $227,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Performance

Criteo stock traded up $0.27 during mid-day trading on Thursday, hitting $40.20. The company’s stock had a trading volume of 565,647 shares, compared to its average volume of 315,550. The company has a 50 day moving average of $37.75 and a 200-day moving average of $33.35. The stock has a market cap of $2.28 billion, a PE ratio of 41.44 and a beta of 0.99. Criteo S.A. has a one year low of $22.10 and a one year high of $40.62.

Criteo (NASDAQ:CRTOGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The information services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. The company had revenue of $253.89 million for the quarter, compared to the consensus estimate 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 forecast that Criteo S.A. will post 2.26 EPS for the current fiscal year.

Analyst Ratings Changes

CRTO has been the topic of a number of research reports. KeyCorp lifted their price objective on Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. BMO Capital Markets raised Criteo from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $31.00 to $45.00 in a research report on Friday, May 24th. JPMorgan Chase & Co. boosted their target price on Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. DA Davidson boosted their target price on Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Susquehanna boosted their target price on Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Criteo currently has a consensus rating of “Moderate Buy” and an average price target of $39.44.

Check Out Our Latest Stock Analysis on Criteo

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total value of $151,827.06. Following the completion of the sale, the chief executive officer now directly owns 533,202 shares in the company, valued at approximately $20,789,545.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Criteo news, CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total value of $151,827.06. Following the completion of the sale, the chief executive officer now directly owns 533,202 shares in the company, valued at approximately $20,789,545.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Js Glickman sold 5,504 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the sale, the chief financial officer now owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The disclosure for this sale can be found here. Insiders have sold 41,672 shares of company stock valued at $1,561,239 in the last quarter. 1.71% of the stock is owned by insiders.

Criteo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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