Bank of America Corp DE increased its holdings in Criteo SA (NASDAQ:CRTO) by 28.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,065 shares of the information services provider’s stock after purchasing an additional 49,881 shares during the quarter. Bank of America Corp DE’s holdings in Criteo were worth $5,067,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Renaissance Group LLC raised its holdings in shares of Criteo by 1.6% in the 4th quarter. Renaissance Group LLC now owns 25,644 shares of the information services provider’s stock worth $583,000 after purchasing an additional 413 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Criteo by 30.2% in the 4th quarter. Trust Co. of Vermont now owns 5,509 shares of the information services provider’s stock worth $125,000 after purchasing an additional 1,279 shares in the last quarter. Bell Rock Capital LLC bought a new stake in shares of Criteo in the 4th quarter worth approximately $34,000. TD Asset Management Inc. increased its position in shares of Criteo by 17.3% in the fourth quarter. TD Asset Management Inc. now owns 10,386 shares of the information services provider’s stock worth $234,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Criteo by 12.2% in the fourth quarter. Stifel Financial Corp now owns 17,874 shares of the information services provider’s stock worth $409,000 after acquiring an additional 1,944 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
In related news, CTO Dan Teodosiu sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $27.20, for a total transaction of $272,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 11,373 shares of company stock worth $307,931 over the last ninety days. 3.32% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on CRTO shares. Zacks Investment Research downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. BidaskClub downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research report on Friday, December 28th. Goldman Sachs Group downgraded shares of Criteo from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $24.00 to $20.00 in a research report on Friday, January 4th. ValuEngine raised shares of Criteo from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Finally, Berenberg Bank set a $40.00 target price on shares of Criteo and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Criteo has a consensus rating of “Hold” and an average target price of $30.01.
Shares of CRTO opened at $22.25 on Tuesday. Criteo SA has a 52 week low of $17.74 and a 52 week high of $36.66. The company has a market cap of $1.48 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.06 and a beta of 1.06.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, February 13th. The information services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.11. Criteo had a net margin of 3.85% and a return on equity of 10.90%. The firm had revenue of $271.86 million for the quarter, compared to the consensus estimate of $260.44 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, equities analysts anticipate that Criteo SA will post 1.44 EPS for the current fiscal year.
Criteo Company Profile
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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