Inspire Investing LLC Takes $819,000 Position in Criteo S.A. (NASDAQ:CRTO)

Inspire Investing LLC bought a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,712 shares of the information services provider’s stock, valued at approximately $819,000.

Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of 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 worth $287,000 after purchasing an additional 822 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Criteo during the fourth quarter worth $660,000. Hsbc Holdings PLC bought a new stake in Criteo during the fourth quarter worth $1,580,000. Capstone Investment Advisors LLC bought a new position in shares of Criteo in the 4th quarter valued at about $669,000. Finally, Pale Fire Capital SE acquired a new position in shares of Criteo during the 4th quarter worth about $443,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction of $250,013.04. Following the completion of the sale, the chief financial officer now directly owns 320,201 shares in the company, valued at approximately $14,565,943.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

Criteo Stock Performance

CRTO stock 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 company has a market capitalization of $2.38 billion, a PE ratio of 43.30 and a beta of 0.99. The company’s 50-day simple moving average is $45.19 and its 200 day simple moving average is $39.52.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CRTO shares. DA Davidson upgraded Criteo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $58.00 in a report on Tuesday, August 6th. BMO Capital Markets lifted their target price on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Macquarie increased their price target on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note 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 research report on Friday, August 2nd. Finally, Susquehanna increased their price objective on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.