Federated Hermes Inc. Boosts Holdings in Criteo S.A. (NASDAQ:CRTO)

Federated Hermes Inc. boosted its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 18.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 56,550 shares of the information services provider’s stock after purchasing an additional 8,823 shares during the period. Federated Hermes Inc. owned approximately 0.10% of Criteo worth $2,133,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CRTO. GAMMA Investing LLC increased its holdings in shares of Criteo by 67.3% during 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 in the last quarter. Bessemer Group Inc. increased its holdings in Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after buying an additional 682 shares in the last quarter. Waterfront Wealth Inc. raised its position in shares of Criteo by 1.2% in the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after acquiring an additional 686 shares during the period. Covestor Ltd boosted its stake in shares of Criteo by 64.1% during the 1st 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. Finally, Sei Investments Co. grew its position in shares of Criteo by 0.8% during the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after acquiring an additional 768 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Stock Down 1.6 %

Shares of CRTO opened at $42.00 on Friday. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $49.93. The stock has a market cap of $2.38 billion, a PE ratio of 43.30 and a beta of 0.99. The firm’s fifty day moving average is $45.19 and its two-hundred day moving average is $39.52.

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

Insider Activity

In related news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the transaction, the chief financial officer now 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 accessible through this link. Company insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of analyst reports. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $43.00 to $58.00 in a report on Tuesday, August 6th. Susquehanna upped their target price on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. KeyCorp lowered shares of Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Finally, StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Criteo currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.11.

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.