Alken Asset Management Ltd. Buys Shares of 719,226 Criteo SA (CRTO)
Alken Asset Management Ltd. bought a new stake in shares of Criteo SA (NASDAQ:CRTO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 719,226 shares of the company’s stock, valued at approximately $33,027,000. Criteo SA makes up approximately 20.9% of Alken Asset Management Ltd.’s portfolio, making the stock its 2nd largest position. Alken Asset Management Ltd. owned 1.17% of Criteo SA at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in shares of Criteo SA during the first quarter worth $111,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Criteo SA during the second quarter worth $179,000. Independent Portfolio Consultants Inc. raised its stake in shares of Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock worth $205,000 after buying an additional 375 shares during the period. Albert D Mason Inc. acquired a new stake in shares of Criteo SA during the second quarter worth $210,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Criteo SA during the first quarter worth $315,000.
Shares of Criteo SA (NASDAQ:CRTO) traded up 1.93% during mid-day trading on Tuesday, reaching $36.45. The company’s stock had a trading volume of 799,665 shares. The firm has a market capitalization of $2.24 billion, a P/E ratio of 32.87 and a beta of 2.89. The company has a 50 day moving average of $36.60 and a 200-day moving average of $41.19. Criteo SA has a 12 month low of $24.23 and a 12 month high of $47.81.
Criteo SA (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The firm earned $166 million during the quarter, compared to analyst estimates of $161.27 million. The company’s revenue was up 35.4% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Equities research analysts forecast that Criteo SA will post $1.79 EPS for the current year.
A number of equities research analysts have weighed in on CRTO shares. Jefferies Group restated a “buy” rating and set a $65.00 price objective on shares of Criteo SA in a research note on Monday, June 27th. Pacific Crest reiterated a “buy” rating and issued a $53.00 target price on shares of Criteo SA in a research report on Monday, July 11th. Citigroup Inc. decreased their target price on Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. William Blair reiterated an “outperform” rating on shares of Criteo SA in a research report on Thursday, August 4th. Finally, Zacks Investment Research upgraded Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Criteo SA has a consensus rating of “Buy” and a consensus price target of $48.50.
In other Criteo SA news, insider Jean-Baptiste Rudelle sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $37.96, for a total value of $2,277,600.00. Following the completion of the transaction, the insider now owns 2,914,358 shares of the company’s stock, valued at approximately $110,629,029.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric Eichmann sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $40.24, for a total value of $402,400.00. Following the completion of the transaction, the chief executive officer now directly owns 20,920 shares of the company’s stock, valued at approximately $841,820.80. The disclosure for this sale can be found here.
About Criteo SA
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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