Criteo SA (NASDAQ:CRTO) shares sold by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. reduced its stake in shares of Criteo SA (NASDAQ: CRTO – Get a rating) by 7.6% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The company held 150,493 shares of the information services provider after selling 12,325 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.25% of Criteo worth $4,099,000 when it last filed with the Securities and Exchange Commission.
Other institutional investors and hedge funds also changed their positions in the company. DE Shaw & Co. Inc. increased its position in Criteo shares by 12.5% during the 4th quarter. DE Shaw & Co. Inc. now owns 341,571 shares of the information services provider worth $13,277,000 after purchasing an additional 38,050 shares during the period. Black Creek Investment Management Inc. increased its position in Criteo shares by 8.9% during the 4th quarter. Black Creek Investment Management Inc. now owns 26,933 shares of the information services provider worth $1,047,000 after purchasing an additional 2,200 shares during the period. Advisor Group Holdings Inc. increased its position in Criteo shares by 214.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,287 shares of the information services provider worth $324,000 after purchasing an additional 5,648 shares during the period. Connectus Wealth LLC acquired a new equity stake in Criteo during Q4 for a value of approximately $330,000. Finally, Weiss Multi Strategy Advisers LLC increased its position in Criteo by 278.4% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 329,538 shares of the information services provider valued at $12,809,000 after acquiring an additional 242,454 shares during the period. 93.28% of the shares are currently held by institutional investors and hedge funds.
Analyst upgrades and downgrades
Several analysts have recently commented on the company. Truist Financial lowered its price target on Criteo from $40.00 to $35.00 and placed a “buy” rating on the stock in a Wednesday, July 6 research report. Morgan Stanley lowered its price target on Criteo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a Tuesday, July 19 research report. Berenberg Bank lowered its price target on Criteo from $58.50 to $53.00 and set a “buy” rating on the stock in a Thursday, July 14 research report. TheStreet upgraded Criteo from a “b” to a “c+” rating in a research report on Wednesday, April 27. Finally, DA Davidson reiterated a “neutral” rating and set a price target of $31.00 (vs. $47.00) on Criteo shares in a Thursday, August 4 research report. Three investment analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, Criteo has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.
Criteo stock up 3.1%
CRTO opened at $28.96 on Friday. The company has a market capitalization of $1.75 billion, a PE ratio of 13.73 and a beta of 0.90. The company has a fifty-day simple moving average of $24.59 and a 200-day simple moving average of $26.88. Criteo SA has a fifty-two week minimum of $20.56 and a fifty-two week maximum of $43.49.
Criteo (NASDAQ: CRTO – Get a rating) last released its quarterly earnings data on Wednesday, August 3. The information services provider reported earnings per share of $0.58 for the quarter, beating the consensus estimate of $0.40 by $0.18. The company posted revenue of $215.00 million in the quarter, versus analyst estimates of $219.24 million. Criteo has a return on equity of 14.19% and a net margin of 6.22%. The company’s revenue decreased by 2.3% compared to the same quarter last year. During the same period last year, the company posted EPS of $0.46. On average, equity research analysts expect Criteo SA to post an EPS of 2.25 for the current financial year.
Criteo SA, a technology company, provides open internet marketing and monetization services in North and South America, Europe, the Middle East, Africa and Asia-Pacific. The company’s Criteo Shopper Graph, which derives customers’ proprietary business data, such as transaction activity on their digital properties.
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