Criteo S.A. (NASDAQ:CRTO) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. raised its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 25.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,410,564 shares of the information services provider's stock after buying an additional 285,285 shares during the quarter. Congress Asset Management Co. owned about 2.44% of Criteo worth $49,948,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CRTO. Vega Investment Solutions acquired a new stake in shares of Criteo during the fourth quarter worth about $41,000. Wells Fargo & Company MN lifted its position in shares of Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after purchasing an additional 1,455 shares in the last quarter. Palumbo Wealth Management LLC acquired a new stake in shares of Criteo during the fourth quarter worth about $208,000. Two Sigma Securities LLC acquired a new stake in shares of Criteo during the fourth quarter worth about $210,000. Finally, Trexquant Investment LP acquired a new stake in shares of Criteo during the fourth quarter worth about $220,000. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Stock Down 0.7%

Shares of Criteo stock opened at $26.10 on Friday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 15.54 and a beta of 0.51. Criteo S.A. has a 52 week low of $24.91 and a 52 week high of $49.93. The firm's 50 day moving average is $29.17 and its two-hundred day moving average is $36.06.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.77 by $0.33. The company had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The firm's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, research analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Citigroup reissued an "underperform" rating on shares of Criteo in a research report on Friday, April 25th. DA Davidson reduced their price target on shares of Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Morgan Stanley cut their target price on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Finally, Susquehanna cut their target price 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Criteo has a consensus rating of "Moderate Buy" and a consensus target price of $46.70.

Insider Buying and Selling at Criteo

In other Criteo news, insider Ryan Damon sold 2,132 shares of the stock in a transaction that occurred 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 now directly owns 132,002 shares in the company, valued at $3,406,971.62. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the transaction, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. This trade represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,707 shares of company stock worth $351,786 over the last three months. Insiders own 1.66% of the company's stock.

Criteo 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.

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