HighTower Advisors LLC trimmed its stake in Criteo S.A. (NASDAQ:CRTO) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,414 shares of the information services provider’s stock after selling 66 shares during the period. HighTower Advisors LLC’s holdings in Criteo were worth $1,051,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CRTO. Parametric Portfolio Associates LLC grew its position in Criteo by 34.6% in the first quarter. Parametric Portfolio Associates LLC now owns 74,008 shares of the information services provider’s stock valued at $3,700,000 after acquiring an additional 19,037 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Criteo by 2.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,168 shares of the information services provider’s stock valued at $358,000 after acquiring an additional 146 shares during the period. Envestnet Asset Management Inc. grew its position in Criteo by 88.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after acquiring an additional 2,203 shares during the period. Stifel Financial Corp grew its position in Criteo by 3.9% in the first quarter. Stifel Financial Corp now owns 16,883 shares of the information services provider’s stock valued at $843,000 after acquiring an additional 629 shares during the period. Finally, Credit Agricole S A grew its position in Criteo by 34.4% in the first quarter. Credit Agricole S A now owns 85,996 shares of the information services provider’s stock valued at $4,300,000 after acquiring an additional 22,000 shares during the period. Hedge funds and other institutional investors own 85.05% of the company’s stock.

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A number of brokerages have weighed in on CRTO. Macquarie began coverage on Criteo in a research report on Thursday. They issued a “hold” rating and a $51.00 price target on the stock. KeyCorp began coverage on Criteo in a research report on Monday, July 31st. They issued an “overweight” rating and a $62.00 price target on the stock. Zacks Investment Research cut Criteo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Cowen and Company restated an “outperform” rating and set a $61.00 target price (up previously from $60.00) on shares of Criteo in a report on Thursday, August 3rd. Finally, BidaskClub cut Criteo from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $55.70.

Criteo S.A. (NASDAQ CRTO) opened at 44.65 on Friday. Criteo S.A. has a 52 week low of $33.02 and a 52 week high of $56.00. The stock’s 50 day moving average price is $44.20 and its 200 day moving average price is $48.96. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 42.08 and a beta of 2.66.

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

In other Criteo news, Director James Warner sold 1,250 shares of Criteo stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $42.21, for a total transaction of $52,762.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 103,533 shares of Criteo stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $47.90, for a total value of $4,959,230.70. The disclosure for this sale can be found here. Insiders have sold a total of 357,750 shares of company stock worth $17,631,047 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Criteo Company Profile

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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