Mather Group LLC. Buys Shares of 1,362 Criteo S.A. (NASDAQ:CRTO)

Mather Group LLC. bought a new stake in Criteo S.A. (NASDAQ:CRTO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,362 shares of the information services provider’s stock, valued at approximately $48,000.

A number of other institutional investors have also recently added to or reduced their stakes in CRTO. Citigroup Inc. acquired a new stake in shares of Criteo in the third quarter worth $33,000. Barometer Capital Management Inc. acquired a new position in Criteo during the 4th quarter valued at $119,000. FNY Investment Advisers LLC raised its stake in Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 4,500 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Criteo by 7.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock valued at $287,000 after purchasing an additional 822 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Criteo during the 3rd quarter valued at $339,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Performance

CRTO opened at $35.93 on Monday. The firm’s 50-day simple moving average is $36.94 and its 200-day simple moving average is $32.14. Criteo S.A. has a twelve month low of $22.10 and a twelve month high of $39.97. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 37.04 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.14. Criteo had a net margin of 2.96% and a return on equity of 12.33%. The business had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. As a group, sell-side analysts anticipate that Criteo S.A. will post 2.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 5,504 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares in the company, valued at approximately $11,584,012.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Ryan Damon sold 21,661 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $37.12, for a total transaction of $804,056.32. Following the transaction, the insider now owns 154,569 shares in the company, valued at approximately $5,737,601.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,504 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares in the company, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 41,672 shares of company stock worth $1,561,239 in the last 90 days. Corporate insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. BMO Capital Markets upgraded shares of Criteo from a “market perform” rating to an “outperform” rating and upped their target price for the company from $31.00 to $45.00 in a research note on Friday, May 24th. Susquehanna upped their target price on shares of Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. KeyCorp boosted their price target on shares of Criteo from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, DA Davidson boosted their price target on shares of Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.44.

About Criteo

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.