Cambridge Investment Research Advisors Inc. Trims Stake in Criteo S.A. (CRTO)
Cambridge Investment Research Advisors Inc. trimmed its holdings in Criteo S.A. (NASDAQ:CRTO) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,669 shares of the information services provider’s stock after selling 787 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Criteo were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Neuberger Berman Group LLC bought a new stake in shares of Criteo in the second quarter valued at approximately $641,000. Victory Capital Management Inc. boosted its position in shares of Criteo by 193.0% in the second quarter. Victory Capital Management Inc. now owns 480,934 shares of the information services provider’s stock valued at $23,590,000 after acquiring an additional 316,797 shares during the period. Torray LLC boosted its position in shares of Criteo by 44.2% in the second quarter. Torray LLC now owns 11,941 shares of the information services provider’s stock valued at $586,000 after acquiring an additional 3,662 shares during the period. Blair William & Co. IL boosted its position in shares of Criteo by 34.3% in the second quarter. Blair William & Co. IL now owns 68,480 shares of the information services provider’s stock valued at $3,359,000 after acquiring an additional 17,500 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Criteo by 53.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock valued at $737,000 after acquiring an additional 5,233 shares during the period. 84.40% of the stock is owned by institutional investors.
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In other Criteo news, CFO Benoit Fouilland sold 6,250 shares of Criteo stock in a transaction on Monday, June 26th. The stock was sold at an average price of $49.17, for a total value of $307,312.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric Eichmann sold 20,000 shares of Criteo stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $49.04, for a total value of $980,800.00. The disclosure for this sale can be found here. Insiders sold a total of 523,980 shares of company stock valued at $25,569,623 over the last ninety days. Insiders own 5.60% of the company’s stock.
Criteo S.A. (NASDAQ CRTO) opened at 42.89 on Friday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 40.42 and a beta of 2.72. Criteo S.A. has a 1-year low of $32.83 and a 1-year high of $56.00. The firm’s 50-day moving average price is $47.90 and its 200 day moving average price is $49.85.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $212.55 million. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. On average, analysts predict that Criteo S.A. will post $2.43 EPS for the current year.
Several research firms have recently weighed in on CRTO. BidaskClub cut Criteo from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Cowen and Company restated a “buy” rating and issued a $60.00 target price on shares of Criteo in a research note on Friday, July 28th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Criteo in a research note on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $66.00 target price on shares of Criteo in a research note on Wednesday, May 24th. Finally, Zacks Investment Research lowered Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.98.
Criteo SA is a France-based company specializing in digital performance marketing. Its 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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