Acadian Asset Management LLC Trims Stake in Criteo S.A. (NASDAQ:CRTO)

Acadian Asset Management LLC lessened its position in shares of Criteo S.A. (NASDAQ:CRTO) by 0.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,194,470 shares of the information services provider’s stock after selling 1,072 shares during the quarter. Acadian Asset Management LLC owned about 3.87% of Criteo worth $82,740,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cadian Capital Management LP boosted its holdings in shares of Criteo by 70.4% in the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock valued at $107,339,000 after acquiring an additional 1,751,511 shares during the period. Lord Abbett & CO. LLC grew its position in Criteo by 3.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock worth $38,608,000 after purchasing an additional 37,364 shares during the last quarter. Orchard Capital Management LLC increased its stake in Criteo by 3.2% in the fourth quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock valued at $11,493,000 after purchasing an additional 14,281 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Criteo by 23.3% in the first quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock valued at $7,014,000 after buying an additional 37,844 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Criteo by 0.8% in the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after buying an additional 768 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

CRTO has been the subject of several analyst reports. Macquarie upped their price objective on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. BMO Capital Markets upped their price target on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. DA Davidson upgraded shares of Criteo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $58.00 in a research report on Tuesday, August 6th. KeyCorp downgraded shares of Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. Finally, Susquehanna raised their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.80.

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.71% of the stock is currently owned by insiders.

Criteo Stock Down 0.9 %

Shares of NASDAQ CRTO opened at $44.35 on Friday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 45.72 and a beta of 0.99. Criteo S.A. has a 52 week low of $22.10 and a 52 week high of $49.93. The firm has a 50-day moving average price of $44.45 and a 200 day moving average price of $38.84.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The company had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. Equities research analysts expect that Criteo S.A. will post 2.8 EPS for the current fiscal year.

Criteo Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.