Skandinaviska Enskilda Banken AB publ grew its position in Criteo SA (NASDAQ:CRTO) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 317,047 shares of the information services provider’s stock after acquiring an additional 28,589 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.51% of Criteo worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CRTO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Criteo by 12.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,442 shares of the information services provider’s stock valued at $520,000 after acquiring an additional 7,385 shares during the period. Sunbelt Securities Inc. bought a new position in Criteo in the 4th quarter valued at about $12,287,000. NumerixS Investment Technologies Inc acquired a new position in Criteo during the 4th quarter valued at about $89,000. Morgan Stanley raised its position in shares of Criteo by 18.2% during the 1st quarter. Morgan Stanley now owns 4,328,689 shares of the information services provider’s stock worth $34,413,000 after buying an additional 666,978 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Criteo by 101.8% during the 4th quarter. Geode Capital Management LLC now owns 234,744 shares of the information services provider’s stock worth $4,068,000 after buying an additional 118,413 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

CRTO stock opened at $11.30 on Tuesday. The firm has a market capitalization of $691.04 million, a P/E ratio of 8.43 and a beta of 1.22. Criteo SA has a 52-week low of $5.89 and a 52-week high of $20.76. The company’s 50 day simple moving average is $11.27 and its 200-day simple moving average is $12.31.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.16. Criteo had a return on equity of 12.99% and a net margin of 3.95%. The firm had revenue of $206.00 million for the quarter, compared to analyst estimates of $205.02 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Criteo’s quarterly revenue was down 12.7% on a year-over-year basis. Equities research analysts predict that Criteo SA will post 0.58 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. BMO Capital Markets lowered shares of Criteo from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $16.00 to $13.00 in a research note on Wednesday, June 24th. ValuEngine upgraded Criteo from a “strong sell” rating to a “sell” rating in a research report on Monday, June 1st. Morgan Stanley cut their price objective on Criteo from $17.00 to $7.30 and set an “equal weight” rating for the company in a report on Monday, March 30th. Zacks Investment Research raised Criteo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Nomura Instinet boosted their price target on shares of Criteo from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.24.

Criteo Profile

Criteo SA, a technology company, provides an advertising platform for the open Internet in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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