293,192 Shares in Criteo S.A. (NASDAQ:CRTO) Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC bought a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 293,192 shares of the information services provider’s stock, valued at approximately $11,059,000. Clearbridge Investments LLC owned 0.52% of Criteo at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CRTO. GAMMA Investing LLC raised its holdings in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares during the last quarter. Mather Group LLC. bought a new position in Criteo during the 1st quarter worth approximately $48,000. EverSource Wealth Advisors LLC raised its holdings in Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares during the last quarter. Covestor Ltd raised its holdings in 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 purchasing an additional 718 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after purchasing an additional 1,823 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Up 2.6 %

NASDAQ:CRTO opened at $39.84 on Friday. The company has a fifty day moving average of $44.76 and a 200-day moving average of $39.96. The firm has a market capitalization of $2.26 billion, a P/E ratio of 41.07 and a beta of 0.99. Criteo S.A. has a twelve month low of $22.10 and a twelve month high of $49.93.

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Macquarie raised their price target on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. DA Davidson upgraded shares of Criteo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $43.00 to $58.00 in a report on Tuesday, August 6th. BMO Capital Markets raised their price target on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a 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, JPMorgan Chase & Co. lifted their price objective on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have assigned 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.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by insiders.

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.