BTC Capital Management Inc. Decreases Stake in Criteo S.A. (NASDAQ:CRTO)
BTC Capital Management Inc. reduced its stake in Criteo S.A. (NASDAQ:CRTO) by 44.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,327 shares of the information services provider’s stock after selling 4,240 shares during the period. BTC Capital Management Inc.’s holdings in Criteo were worth $262,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Rice Hall James & Associates LLC boosted its stake in shares of Criteo by 25.7% in the second quarter. Rice Hall James & Associates LLC now owns 831,312 shares of the information services provider’s stock valued at $40,776,000 after buying an additional 170,142 shares in the last quarter. Trexquant Investment LP purchased a new position in Criteo during the second quarter worth $579,000. TD Asset Management Inc. boosted its position in Criteo by 95.5% in the second quarter. TD Asset Management Inc. now owns 1,153,744 shares of the information services provider’s stock worth $56,591,000 after buying an additional 563,682 shares during the period. Tdam USA Inc. boosted its position in Criteo by 3.0% in the second quarter. Tdam USA Inc. now owns 18,981 shares of the information services provider’s stock worth $931,000 after buying an additional 545 shares during the period. Finally, Sei Investments Co. boosted its position in Criteo by 292.7% in the second quarter. Sei Investments Co. now owns 85,462 shares of the information services provider’s stock worth $4,192,000 after buying an additional 63,702 shares during the period. Institutional investors own 85.03% of the company’s stock.
Criteo S.A. (NASDAQ CRTO) opened at 49.00 on Friday. Criteo S.A. has a one year low of $32.83 and a one year high of $56.00.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $220 million during the quarter, compared to analysts’ expectations of $212.55 million. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. On average, analysts predict that Criteo S.A. will post $2.43 EPS for the current year.
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A number of research analysts have weighed in on the stock. Deutsche Bank AG boosted their price objective on shares of Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. KeyCorp assumed coverage on shares of Criteo in a research report on Monday, July 31st. They set an “overweight” rating and a $62.00 price objective on the stock. Stifel Nicolaus set a $50.00 price objective on shares of Criteo and gave the company a “hold” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated an “outperform” rating and set a $61.00 price objective (up previously from $60.00) on shares of Criteo in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $55.98.
In related news, CEO Eric Eichmann sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $49.04, for a total transaction of $980,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Benoit Fouilland sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $50.93, for a total value of $636,625.00. The disclosure for this sale can be found here. Insiders sold a total of 672,453 shares of company stock valued at $34,102,134 in the last quarter. Company insiders own 5.60% of the company’s stock.
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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