Seizert Capital Partners LLC Buys 19,776 Shares of Criteo S.A. (NASDAQ:CRTO)

Key Points

• Seizert Capital Partners LLC increased its holdings in Criteo S.A. by 19.6%, acquiring an additional 19,776 shares during the 1st quarter, bringing their total ownership to 120,911 shares worth approximately $4.28 million.
• Despite positive earnings performance, several investment firms have recently lowered their price targets on Criteo shares, with Morgan Stanley and JPMorgan setting targets of $36.00 and $27.00 respectively.
• Insider sales were noted, with CFO Sarah Js Glickman selling 1,520 shares, indicating a 0.42% decrease in ownership, amidst overall insider ownership of 1.66% of company stock.

Seizert Capital Partners LLC grew its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 19.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,911 shares of the information services provider's stock after buying an additional 19,776 shares during the period. Seizert Capital Partners LLC owned approximately 0.23% of Criteo worth $4,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CRTO. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Criteo in the first quarter valued at about $524,000. The Manufacturers Life Insurance Company raised its holdings in Criteo by 17.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock valued at $258,000 after acquiring an additional 971 shares during the period. Envestnet Asset Management Inc. boosted its stake in Criteo by 10.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 102,453 shares of the information services provider's stock valued at $3,628,000 after purchasing an additional 9,382 shares during the period. Wells Fargo & Company MN grew its stake 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 acquiring an additional 1,455 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Criteo by 81.8% during the fourth quarter. Barclays PLC now owns 11,247 shares of the information services provider's stock worth $445,000 after purchasing an additional 5,061 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Stock Performance

Shares of CRTO stock traded down $0.84 during trading hours on Friday, reaching $23.50. The company had a trading volume of 683,103 shares, compared to its average volume of 455,503. The business has a fifty day moving average price of $24.46 and a 200-day moving average price of $31.53. Criteo S.A. has a one year low of $22.43 and a one year high of $49.93. The firm has a market cap of $1.36 billion, a PE ratio of 9.83 and a beta of 0.48.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.22. The company had revenue of $292.00 million during the quarter, compared to analysts' expectations of $274.62 million. Criteo had a return on equity of 17.06% and a net margin of 7.10%. Criteo's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. Equities research analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

Insider Transactions at Criteo

In related news, insider Ryan Damon sold 2,132 shares of Criteo stock in a transaction 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 approximately $3,406,971.62. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,842 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $22.85, for a total value of $64,939.70. Following the completion of the transaction, the insider directly owned 152,122 shares in the company, valued at $3,475,987.70. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,708 shares of company stock worth $320,444 in the last 90 days. 1.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Benchmark cut their target price on Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Susquehanna decreased their target price on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a report on Friday, April 25th. DA Davidson dropped their target price on shares of Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company dropped their price target on Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.50.

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.