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 raised its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 19.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,911 shares of the information services provider's stock after acquiring 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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vega Investment Solutions bought a new stake in shares of Criteo in the 4th quarter worth $41,000. TD Private Client Wealth LLC raised its stake in shares of Criteo by 21.4% in the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock worth $85,000 after buying an additional 426 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after buying an additional 1,455 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Criteo in the 4th quarter worth $210,000. Finally, Trexquant Investment LP bought a new stake in shares of Criteo in the 4th quarter worth $220,000. Institutional investors own 94.27% of the company's stock.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total transaction of $63,621.65. Following the transaction, the chief financial officer directly owned 362,710 shares in the company, valued at $9,361,545.10. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Gleason sold 2,842 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $22.85, for a total value of $64,939.70. Following the transaction, the insider owned 152,122 shares in the company, valued at $3,475,987.70. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,708 shares of company stock worth $320,444 over the last three months. Company insiders own 1.66% of the company's stock.

Criteo Stock Down 3.5%

Shares of NASDAQ:CRTO traded down $0.84 on Friday, reaching $23.50. The company had a trading volume of 683,103 shares, compared to its average volume of 470,459. Criteo S.A. has a twelve month low of $22.43 and a twelve month high of $49.93. The stock has a market capitalization of $1.36 billion, a P/E ratio of 9.83 and a beta of 0.43. The stock has a 50-day moving average price of $24.40 and a 200 day moving average price of $31.44.

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

Analyst Ratings Changes

A number of analysts have recently commented on CRTO shares. Morgan Stanley dropped their price objective on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company dropped their price objective on Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a research note on Tuesday. Stifel Nicolaus dropped their price objective on Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Citigroup restated an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Finally, DA Davidson decreased their target price on Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Criteo has a consensus rating of "Moderate Buy" and an average price target of $42.50.

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.