Orchard Capital Management LLC Has $17.12 Million Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Orchard Capital Management LLC lowered its stake in Criteo S.A. (NASDAQ:CRTO) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 453,896 shares of the information services provider’s stock after selling 6,555 shares during the quarter. Criteo accounts for approximately 5.2% of Orchard Capital Management LLC’s portfolio, making the stock its 2nd largest position. Orchard Capital Management LLC owned approximately 0.80% of Criteo worth $17,121,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CRTO. GAMMA Investing LLC grew its position in Criteo by 67.3% in the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares during the period. Mather Group LLC. acquired a new stake in Criteo in the 1st quarter valued at $48,000. Covestor Ltd grew its position in Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares during the period. Blue Trust Inc. grew its position in Criteo by 7,011.5% in the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 1,823 shares during the period. Finally, Barometer Capital Management Inc. acquired a new stake in Criteo in the 4th quarter valued at $119,000. Institutional investors own 94.27% of the company’s stock.

Insider Activity

In other news, CFO Sarah Js Glickman sold 5,496 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the sale, the chief financial officer now directly owns 320,201 shares in the company, valued at $14,565,943.49. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

CRTO has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Benchmark lifted their price objective on shares of Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Susquehanna lifted their price objective on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, DA Davidson raised shares of Criteo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $43.00 to $58.00 in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Criteo presently has an average rating of “Moderate Buy” and an average target price of $50.11.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $42.70 on Friday. The company’s 50-day moving average is $45.15 and its 200 day moving average is $39.46. The company has a market capitalization of $2.42 billion, a P/E ratio of 44.02 and a beta of 0.99. Criteo S.A. has a fifty-two week low of $22.10 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data 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. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The business had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. During the same period in the previous year, the business posted $0.12 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, research analysts predict that Criteo S.A. will post 2.8 earnings per share for the current 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.