Janus Henderson Group PLC Raises Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Janus Henderson Group PLC lifted its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,413,620 shares of the information services provider's stock after acquiring an additional 27,258 shares during the period. Janus Henderson Group PLC owned 2.56% of Criteo worth $55,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Neuberger Berman Group LLC raised its holdings in shares of Criteo by 7.0% during the 4th quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider's stock worth $240,322,000 after acquiring an additional 399,977 shares during the period. DnB Asset Management AS raised its holdings in Criteo by 0.5% in the 4th quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock valued at $213,903,000 after buying an additional 28,536 shares during the period. Alliancebernstein L.P. raised its holdings in Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock valued at $150,208,000 after buying an additional 1,052,126 shares during the period. Senvest Management LLC raised its holdings in Criteo by 25.7% in the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock valued at $143,978,000 after buying an additional 743,695 shares during the period. Finally, Cadian Capital Management LP raised its holdings in Criteo by 38.2% in the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after buying an additional 713,785 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Criteo Price Performance

Shares of CRTO stock traded down $0.26 during trading hours on Friday, reaching $28.42. 308,386 shares of the stock were exchanged, compared to its average volume of 441,095. The business's fifty day moving average is $32.11 and its two-hundred day moving average is $37.04. Criteo S.A. has a 12-month low of $26.67 and a 12-month high of $49.93. The firm has a market capitalization of $1.64 billion, a P/E ratio of 16.92 and a beta of 0.63.

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

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the business'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 value of $96,281.49. Following the completion of the sale, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CRTO. 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 report 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 report on Wednesday, April 30th. Stifel Nicolaus reduced their price objective on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Benchmark restated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their target price on Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. 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 company's stock. According to data from MarketBeat.com, Criteo presently has an average rating of "Moderate Buy" and an average price target of $46.70.

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.