Cubist Systematic Strategies LLC lowered its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 85.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,077 shares of the information services provider's stock after selling 164,413 shares during the period. Cubist Systematic Strategies LLC owned 0.05% of Criteo worth $1,150,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waterfront Wealth Inc. raised its holdings in shares of Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after acquiring an additional 335 shares during the period. Assetmark Inc. raised its holdings in shares of Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after acquiring an additional 558 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Criteo by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after acquiring an additional 971 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after acquiring an additional 1,455 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Criteo by 31.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock worth $245,000 after acquiring an additional 1,490 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.
Analyst Ratings Changes
CRTO has been the topic of several analyst reports. DA Davidson reduced their price target on Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Stifel Nicolaus decreased their target price on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. StockNews.com cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Wells Fargo & Company decreased their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, Benchmark reaffirmed a "buy" rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Criteo currently has a consensus rating of "Moderate Buy" and an average target price of $46.70.
Read Our Latest Stock Analysis on CRTO
Insider Transactions at Criteo
In related news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the sale, the insider now owns 157,450 shares of the company's stock, valued at $5,335,980.50. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.66% of the company's stock.
Criteo Stock Performance
Shares of CRTO traded down $0.26 during mid-day trading on Friday, hitting $28.42. 308,386 shares of the company's stock were exchanged, compared to its average volume of 441,095. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 16.92 and a beta of 0.63. Criteo S.A. has a fifty-two week low of $26.67 and a fifty-two week high of $49.93. The stock's 50-day moving average is $32.11 and its 200-day moving average is $37.04.
Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. As a group, equities research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current year.
About Criteo
(
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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