California Public Employees Retirement System decreased its stake in Criteo SA (NASDAQ:CRTO) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 87,900 shares of the company’s stock after selling 2,300 shares during the period. California Public Employees Retirement System owned 0.14% of Criteo SA worth $4,036,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of CRTO. Westend Capital Management LLC bought a new stake in shares of Criteo SA during the first quarter valued at about $111,000. Envestnet Asset Management Inc. raised its position in Criteo SA by 133.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,016 shares of the company’s stock worth $166,000 after buying an additional 2,293 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Criteo SA during the second quarter worth $179,000. Independent Portfolio Consultants Inc. raised its position in 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 in the last quarter. Finally, Albert D Mason Inc. acquired a new position in Criteo SA during the second quarter worth $210,000.
Shares of Criteo SA (NASDAQ:CRTO) traded up 1.76% during trading on Wednesday, reaching $36.44. 580,810 shares of the company were exchanged. The stock’s 50 day moving average is $37.82 and its 200 day moving average is $41.28. Criteo SA has a 1-year low of $24.23 and a 1-year high of $47.81. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 32.86 and a beta of 2.89.
Criteo SA (NASDAQ:CRTO) last announced its earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The business had revenue of $166 million for the quarter, compared to analysts’ expectations of $161.27 million. During the same period in the prior year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 35.4% on a year-over-year basis. Equities analysts anticipate that Criteo SA will post $1.79 earnings per share for the current year.
A number of research firms recently weighed in on CRTO. RBC Capital Markets set a $55.00 price objective on shares of Criteo SA and gave the company a “buy” rating in a research note on Saturday. Morgan Stanley reiterated a “hold” rating on shares of Criteo SA in a research note on Friday, September 16th. Jefferies Group reiterated a “buy” rating and issued a $63.00 price objective on shares of Criteo SA in a research note on Friday, September 16th. Susquehanna lowered shares of Criteo SA from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $48.00 to $37.00 in a research note on Tuesday, September 6th. Finally, Zacks Investment Research upgraded shares of Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Friday, August 5th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $48.97.
In other news, insider Jean-Baptiste Rudelle sold 76,100 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $43.79, for a total value of $3,332,419.00. Following the completion of the sale, the insider now directly owns 2,969,301 shares of the company’s stock, valued at $130,025,690.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Benoit Fouilland sold 876 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $42.02, for a total transaction of $36,809.52. Following the completion of the sale, the chief financial officer now directly owns 107,027 shares of the company’s stock, valued at $4,497,274.54. The disclosure for this sale can be found here.
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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