Essex Investment Management Co. LLC cut its stake in Criteo SA (NASDAQ:CRTO) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 22,673 shares of the company’s stock after selling 186 shares during the period. Essex Investment Management Co. LLC’s holdings in Criteo SA were worth $1,041,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Independent Portfolio Consultants Inc. raised its stake in Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock valued at $205,000 after buying an additional 375 shares during the period. Regent Investment Management LLC raised its stake in Criteo SA by 17.3% in the second quarter. Regent Investment Management LLC now owns 8,800 shares of the company’s stock valued at $404,000 after buying an additional 1,300 shares during the period. Geode Capital Management LLC raised its stake in Criteo SA by 12.3% in the first quarter. Geode Capital Management LLC now owns 22,683 shares of the company’s stock valued at $939,000 after buying an additional 2,479 shares during the period. Westend Capital Management LLC bought a new stake in Criteo SA during the first quarter valued at $111,000. Finally, Lazard Asset Management LLC raised its stake in Criteo SA by 33.0% in the first quarter. Lazard Asset Management LLC now owns 15,429 shares of the company’s stock valued at $638,000 after buying an additional 3,829 shares during the period.
Criteo SA (NASDAQ:CRTO) traded up 1.85% during mid-day trading on Monday, hitting $35.76. The stock had a trading volume of 553,361 shares. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 32.25 and a beta of 2.89. The stock’s 50 day moving average price is $36.60 and its 200 day moving average price is $41.19. Criteo SA has a one year low of $24.23 and a one year high of $47.81.
Criteo SA (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The company earned $166 million during the quarter, compared to the consensus estimate of $161.27 million. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. Analysts forecast that Criteo SA will post $1.79 EPS for the current year.
Several research firms recently weighed in on CRTO. RBC Capital Markets set a $55.00 target price on Criteo SA and gave the stock a “buy” rating in a report on Saturday, September 17th. Jefferies Group reiterated a “buy” rating and set a $65.00 price target on shares of Criteo SA in a report on Monday, June 27th. Citigroup Inc. cut their price target on Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 4th. William Blair reiterated an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Finally, Pacific Crest reiterated a “buy” rating and set a $53.00 price target on shares of Criteo SA in a report on Monday, July 11th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.50.
In other Criteo SA news, insider Jean-Baptiste Rudelle sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $37.96, for a total value of $2,277,600.00. Following the completion of the transaction, the insider now directly owns 2,914,358 shares in the company, valued at $110,629,029.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Warner sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $42.50, for a total value of $42,500.00. The disclosure for this sale can be found here.
About Criteo SA
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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