Kornitzer Capital Management Inc. KS decreased its position in Criteo SA (NASDAQ:CRTO) by 17.7% during the second quarter, Holdings Channel reports. The institutional investor owned 53,100 shares of the company’s stock after selling 11,400 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Criteo SA were worth $2,438,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new position in shares of Criteo SA during the first quarter worth about $111,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Criteo SA during the second quarter worth about $179,000. Independent Portfolio Consultants Inc. increased its position 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 position in shares of Criteo SA during the second quarter worth about $210,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Criteo SA during the first quarter worth about $315,000. 68.71% of the stock is owned by institutional investors and hedge funds.
Criteo SA (NASDAQ:CRTO) traded down 0.80% on Wednesday, reaching $34.65. The company’s stock had a trading volume of 448,659 shares. The firm has a 50-day moving average price of $35.72 and a 200 day moving average price of $40.72. The firm has a market capitalization of $2.13 billion, a P/E ratio of 31.24 and a beta of 2.82. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81.
Criteo SA (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The company earned $166 million during the quarter, compared to analyst estimates of $161.27 million. Criteo SA had a return on equity of 15.20% and a net margin of 4.72%. The business’s revenue was up 35.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. Equities analysts anticipate that Criteo SA will post $1.78 earnings per share for the current fiscal year.
Several research firms have recently weighed in on CRTO. Jefferies Group decreased their price objective on Criteo SA from $65.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, August 4th. RBC Capital Markets set a $55.00 price objective on Criteo SA and gave the company a “buy” rating in a report on Saturday, September 17th. Pacific Crest reissued a “buy” rating and issued a $53.00 price objective on shares of Criteo SA in a report on Monday, July 11th. William Blair reissued an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Finally, Cowen and Company reissued an “outperform” rating on shares of Criteo SA in a report on Tuesday, October 4th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $48.59.
In related news, CFO Benoit Fouilland sold 876 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $44.05, for a total transaction of $38,587.80. Following the completion of the transaction, the chief financial officer now owns 103,723 shares in the company, valued at approximately $4,568,998.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $35.84, for a total value of $2,150,400.00. Following the transaction, the insider now owns 2,806,831 shares of the company’s stock, valued at approximately $100,596,823.04. The disclosure for this sale can be found here. 8.70% of the stock is owned by insiders.
Criteo SA Company Profile
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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