Thornburg Investment Management Inc. reduced its stake in shares of Criteo SA (NASDAQ:CRTO) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 770,987 shares of the information services provider’s stock after selling 21,568 shares during the period. Thornburg Investment Management Inc.’s holdings in Criteo SA were worth $38,542,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of CRTO. Hussman Strategic Advisors Inc. acquired a new position in shares of Criteo SA during the first quarter valued at about $200,000. Janney Capital Management LLC acquired a new position in shares of Criteo SA during the first quarter valued at about $216,000. Herald Investment Management Ltd acquired a new position in shares of Criteo SA during the fourth quarter valued at about $246,000. BTC Capital Management Inc. raised its position in shares of Criteo SA by 68.2% in the first quarter. BTC Capital Management Inc. now owns 9,567 shares of the information services provider’s stock valued at $478,000 after buying an additional 3,879 shares during the period. Finally, BNP Paribas Arbitrage SA acquired a new position in shares of Criteo SA during the first quarter valued at about $490,000. 72.24% of the stock is currently owned by institutional investors.
Shares of Criteo SA (NASDAQ:CRTO) traded up 0.88% during mid-day trading on Friday, hitting $49.20. 1,583,068 shares of the company were exchanged. Criteo SA has a 12-month low of $32.83 and a 12-month high of $55.39. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 42.16 and a beta of 2.79. The firm has a 50 day moving average of $51.92 and a 200 day moving average of $46.26.
Criteo SA (NASDAQ:CRTO) last announced its earnings results on Wednesday, May 3rd. The information services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Criteo SA had a return on equity of 15.99% and a net margin of 4.96%. The business had revenue of $210 million for the quarter, compared to analysts’ expectations of $204.51 million. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue was up 29.6% on a year-over-year basis. Equities research analysts forecast that Criteo SA will post $2.46 earnings per share for the current year.
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CRTO has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Criteo SA in a research note on Monday. Cowen and Company set a $60.00 price target on shares of Criteo SA and gave the company a “buy” rating in a research report on Thursday, April 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $56.00 price target on shares of Criteo SA in a research report on Wednesday, February 22nd. Stifel Nicolaus increased their price target on shares of Criteo SA from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, February 23rd. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Criteo SA in a research report on Monday, April 24th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.45.
In other Criteo SA news, CEO Eric Eichmann sold 80,000 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $49.45, for a total transaction of $3,956,000.00. Following the transaction, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $1,978,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Benoit Fouilland sold 58,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $48.39, for a total value of $2,806,620.00. Following the transaction, the chief financial officer now owns 58,000 shares in the company, valued at $2,806,620. The disclosure for this sale can be found here. Insiders sold 816,064 shares of company stock worth $41,658,832 over the last quarter. 8.70% of the stock is currently owned by company insiders.
About Criteo SA
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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