Fiera Capital Corp lessened its position in shares of Criteo S.A. (NASDAQ:CRTO) by 75.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,387 shares of the information services provider’s stock after selling 103,816 shares during the quarter. Fiera Capital Corp owned approximately 0.05% of Criteo worth $1,637,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Oak Ridge Investments LLC raised its stake in shares of Criteo by 0.5% during the 2nd quarter. Oak Ridge Investments LLC now owns 1,036,178 shares of the information services provider’s stock worth $50,825,000 after buying an additional 4,950 shares during the last quarter. Century Capital Management LLC raised its stake in shares of Criteo by 108.9% during the 2nd quarter. Century Capital Management LLC now owns 39,193 shares of the information services provider’s stock worth $1,922,000 after buying an additional 20,435 shares during the last quarter. LA Financiere DE L Echiquier raised its stake in shares of Criteo by 26.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 567,300 shares of the information services provider’s stock worth $27,826,000 after buying an additional 119,200 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Criteo by 6.4% during the 2nd quarter. Private Advisor Group LLC now owns 14,080 shares of the information services provider’s stock worth $703,000 after buying an additional 850 shares during the last quarter. Finally, Synovus Financial Corp acquired a new position in shares of Criteo during the 2nd quarter worth $717,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Criteo S.A. (CRTO) opened at 41.23 on Tuesday. Criteo S.A. has a 52 week low of $32.83 and a 52 week high of $56.00. The company has a 50-day moving average of $47.61 and a 200 day moving average of $49.83. The firm has a market cap of $2.54 billion, a P/E ratio of 38.86 and a beta of 2.72.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The business had revenue of $220.00 million during the quarter, compared to the consensus estimate of $212.55 million. During the same period in the prior year, the business posted $0.33 earnings per share. Criteo’s revenue was up 32.5% compared to the same quarter last year. On average, equities analysts predict that Criteo S.A. will post $2.43 earnings per share for the current year.

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In other news, insider Jean-Baptiste Rudelle sold 129,075 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $47.40, for a total transaction of $6,118,155.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Benoit Fouilland sold 6,250 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $49.17, for a total value of $307,312.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 523,980 shares of company stock valued at $25,569,623. 5.60% of the stock is currently owned by company insiders.

CRTO has been the subject of several research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 price target on shares of Criteo in a research note on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of Criteo in a research note on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 price target on shares of Criteo in a research note on Thursday, June 22nd. BidaskClub downgraded Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, KeyCorp initiated coverage on Criteo in a research note on Monday, July 31st. They set an “overweight” rating and a $62.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $55.98.

About Criteo

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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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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