Neuberger Berman Group LLC Grows Position in Criteo S.A. (NASDAQ:CRTO)

Key Points

• Neuberger Berman Group LLC increased its stake in Criteo S.A. by 0.8% during the first quarter, acquiring an additional 47,005 shares, now holding 6,123,000 shares valued at approximately $217 million.
• Criteo's stock has seen significant fluctuations, with a 52-week range between $22.43 and $49.93, and an opening price of $23.68 recently reported.
• Equities analysts have lowered their target prices for Criteo, with varied ratings; the consensus remains a "Moderate Buy" with an average target price of $40.00.

Neuberger Berman Group LLC increased its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 0.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,123,000 shares of the information services provider's stock after purchasing an additional 47,005 shares during the period. Neuberger Berman Group LLC owned 11.42% of Criteo worth $216,982,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in Criteo by 14.1% during the 1st quarter. Invesco Ltd. now owns 15,219 shares of the information services provider's stock worth $539,000 after purchasing an additional 1,875 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of Criteo by 15.7% in the 1st quarter. Townsquare Capital LLC now owns 72,455 shares of the information services provider's stock valued at $2,566,000 after acquiring an additional 9,832 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Criteo by 21.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 86,498 shares of the information services provider's stock valued at $3,063,000 after acquiring an additional 15,537 shares in the last quarter. Legacy Capital Group California Inc. purchased a new stake in shares of Criteo in the 1st quarter valued at about $267,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Criteo in the 1st quarter valued at about $232,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

Criteo Stock Down 2.0%

Shares of Criteo stock traded down $0.49 during trading on Friday, hitting $23.75. 241,136 shares of the stock traded hands, compared to its average volume of 526,010. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 9.94 and a beta of 0.43. The firm's fifty day moving average is $23.97 and its 200-day moving average is $30.46. Criteo S.A. has a 52 week low of $22.43 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The information services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.70 by $0.22. Criteo had a return on equity of 16.91% and a net margin of 7.10%. The firm had revenue of $292.00 million for the quarter, compared to analyst estimates of $274.62 million. During the same period in the prior year, the company earned $1.08 EPS. The company's revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ryan Damon sold 2,132 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $25.81, for a total transaction of $55,026.92. Following the transaction, the insider directly owned 132,002 shares in the company, valued at $3,406,971.62. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 2,465 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $63,621.65. Following the transaction, the chief financial officer owned 362,710 shares in the company, valued at approximately $9,361,545.10. The trade was a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,708 shares of company stock worth $320,444 in the last ninety days. 1.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CRTO shares. Morgan Stanley lowered their price target on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a report on Friday, April 25th. DA Davidson lowered their price target on Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Susquehanna lowered their price target on Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Criteo has an average rating of "Moderate Buy" and an average price target of $40.00.

About Criteo

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.