Criteo S.A. (NASDAQ:CRTO) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in Criteo S.A. (NASDAQ:CRTO) by 7.1% in the first quarter, Holdings Channel.com reports. The fund owned 104,224 shares of the information services provider’s stock after buying an additional 6,926 shares during the quarter. HighTower Advisors LLC’s holdings in Criteo were worth $3,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRTO. FNY Investment Advisers LLC purchased a new stake in shares of Criteo in the 1st quarter worth about $47,000. Natixis boosted its position in shares of Criteo by 284.0% in the 4th quarter. Natixis now owns 3,959 shares of the information services provider’s stock worth $103,000 after buying an additional 2,928 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Criteo by 59.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,405 shares of the information services provider’s stock worth $132,000 after buying an additional 2,017 shares in the last quarter. Assetmark Inc. lifted its holdings in Criteo by 27.5% in the 1st quarter. Assetmark Inc. now owns 4,297 shares of the information services provider’s stock valued at $135,000 after purchasing an additional 928 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Criteo in the 4th quarter valued at about $241,000. Institutional investors and hedge funds own 75.66% of the company’s stock.

Criteo Trading Down 0.5 %

Shares of NASDAQ CRTO opened at $29.03 on Friday. Criteo S.A. has a one year low of $22.54 and a one year high of $36.76. The firm has a market capitalization of $1.62 billion, a PE ratio of 290.30 and a beta of 0.96. The business has a 50-day moving average price of $31.42 and a two-hundred day moving average price of $31.80.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Criteo had a return on equity of 5.97% and a net margin of 0.38%. The firm had revenue of $240.22 million for the quarter, compared to analysts’ expectations of $231.98 million. Research analysts anticipate that Criteo S.A. will post 1.52 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Criteo in a report on Tuesday, June 27th. They issued an “equal weight” rating and a $37.00 target price on the stock. StockNews.com assumed coverage on shares of Criteo in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Benchmark restated a “buy” rating and issued a $45.00 target price on shares of Criteo in a report on Tuesday, August 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price objective on shares of Criteo in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Criteo currently has an average rating of “Hold” and a consensus price target of $37.00.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 5,461 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $32.63, for a total value of $178,192.43. Following the transaction, the chief financial officer now directly owns 258,832 shares of the company’s stock, valued at approximately $8,445,688.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Sarah Js Glickman sold 5,461 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $32.63, for a total value of $178,192.43. Following the transaction, the chief financial officer now directly owns 258,832 shares of the company’s stock, valued at approximately $8,445,688.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $29.01, for a total value of $203,070.00. Following the completion of the transaction, the insider now directly owns 133,947 shares in the company, valued at $3,885,802.47. The disclosure for this sale can be found here. Insiders sold 32,493 shares of company stock valued at $990,629 in the last three months. Corporate insiders own 1.10% 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.