Cambridge Investment Research Advisors Inc. Takes $524,000 Position in Criteo S.A. (NASDAQ:CRTO)

Cambridge Investment Research Advisors Inc. bought a new position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,797 shares of the information services provider's stock, valued at approximately $524,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vega Investment Solutions acquired a new stake in shares of Criteo in the fourth quarter valued at approximately $41,000. Wells Fargo & Company MN grew its position in shares of Criteo by 53.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after purchasing an additional 1,455 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Criteo during the fourth quarter valued at approximately $210,000. Trexquant Investment LP purchased a new position in shares of Criteo during the fourth quarter valued at approximately $220,000. Finally, Assetmark Inc. lifted its stake in shares of Criteo by 9.9% during the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock valued at $244,000 after buying an additional 558 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Ryan Damon sold 2,132 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $25.81, for a total value of $55,026.92. Following the transaction, the insider owned 132,002 shares of the company's stock, valued at approximately $3,406,971.62. This trade represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the transaction, the insider directly owned 157,450 shares in the company, valued at approximately $5,335,980.50. This represents a 1.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,707 shares of company stock valued at $351,786. Company insiders own 1.66% of the company's stock.

Criteo Price Performance

NASDAQ:CRTO traded down $0.53 during trading hours on Friday, reaching $23.73. 419,563 shares of the company were exchanged, compared to its average volume of 447,045. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.65 and a beta of 0.48. Criteo S.A. has a 52-week low of $23.24 and a 52-week high of $49.93. The stock has a 50 day simple moving average of $25.83 and a 200 day simple moving average of $33.04.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. The company had revenue of $451.43 million for the quarter, compared to the consensus estimate of $259.86 million. Criteo had a net margin of 7.41% and a return on equity of 18.21%. Criteo's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. On average, analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Susquehanna reduced their price objective on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company reduced their price objective on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup reissued an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Criteo currently has a consensus rating of "Moderate Buy" and an average price target of $46.70.

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.