SG Americas Securities LLC Has $207,000 Position in Criteo S.A. (NASDAQ:CRTO)

SG Americas Securities LLC lessened its position in Criteo S.A. (NASDAQ:CRTO) by 21.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,151 shares of the information services provider’s stock after selling 1,425 shares during the period. SG Americas Securities LLC’s holdings in Criteo were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRTO. GAMMA Investing LLC increased its stake in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after buying an additional 297 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after acquiring an additional 1,250 shares in the last quarter. Covestor Ltd boosted its holdings in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after acquiring an additional 718 shares in the last quarter. Blue Trust Inc. boosted its holdings in Criteo by 7,011.5% in the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Criteo by 312.5% in the second quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Price Performance

NASDAQ:CRTO opened at $40.56 on Wednesday. The business has a fifty day simple moving average of $43.63 and a two-hundred day simple moving average of $40.53. Criteo S.A. has a 1 year low of $22.10 and a 1 year high of $49.93. The company has a market capitalization of $2.30 billion, a P/E ratio of 41.81 and a beta of 0.99.

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

Analyst Ratings Changes

Several analysts have recently commented on CRTO shares. KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. BMO Capital Markets increased their price target on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and increased their price target for the company from $43.00 to $58.00 in a research report on Tuesday, August 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $56.00 price target on shares of Criteo in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Criteo currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.11.

Criteo Company 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.