Rice Hall James & Associates LLC increased its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 25.7% during the second quarter, Holdings Channel reports. The firm owned 831,312 shares of the information services provider’s stock after buying an additional 170,142 shares during the period. Criteo makes up 1.8% of Rice Hall James & Associates LLC’s portfolio, making the stock its 4th largest position. Rice Hall James & Associates LLC’s holdings in Criteo were worth $40,776,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CRTO. Fifth Third Bancorp bought a new position in shares of Criteo during the first quarter valued at approximately $176,000. Hussman Strategic Advisors Inc. bought a new position in shares of Criteo during the first quarter valued at approximately $200,000. Janney Capital Management LLC bought a new position in shares of Criteo during the first quarter valued at approximately $216,000. Pictet & Cie Europe SA bought a new position in shares of Criteo during the first quarter valued at approximately $221,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Criteo during the first quarter valued at approximately $230,000. Institutional investors own 85.03% of the company’s stock.
Criteo S.A. (CRTO) opened at 48.88 on Friday. Criteo S.A. has a 12 month low of $32.83 and a 12 month high of $56.00. The company has a market capitalization of $3.01 billion, a PE ratio of 46.07 and a beta of 2.71. The company has a 50-day moving average price of $50.07 and a 200 day moving average price of $49.61.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $220 million during the quarter, compared to the consensus estimate of $212.55 million. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The company’s revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. On average, equities research analysts forecast that Criteo S.A. will post $2.43 EPS for the current fiscal year.
Several equities analysts have commented on the company. Deutsche Bank AG increased their price target on Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. KeyCorp initiated coverage on Criteo in a report on Monday, July 31st. They set an “overweight” rating and a $62.00 price target on the stock. Stifel Nicolaus set a $50.00 price objective on Criteo and gave the company a “hold” rating in a research report on Thursday, August 3rd. Cowen and Company reissued an “outperform” rating and issued a $61.00 price objective (up from $60.00) on shares of Criteo in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Criteo has an average rating of “Hold” and a consensus price target of $55.98.
In other news, insider Jean-Baptiste Rudelle sold 150,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $51.69, for a total transaction of $7,753,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Mary Spilman sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $49.50, for a total value of $990,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 652,453 shares of company stock valued at $33,121,334. Corporate 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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