Fmr LLC raised its position in Criteo SA (NASDAQ:CRTO) by 81.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,502,700 shares of the information services provider’s stock after purchasing an additional 673,700 shares during the quarter. Fmr LLC owned about 2.27% of Criteo worth $49,364,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Criteo in the first quarter valued at approximately $176,000. TD Asset Management Inc. acquired a new stake in shares of Criteo in the second quarter valued at approximately $249,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Criteo in the second quarter valued at approximately $249,000. Sei Investments Co. acquired a new stake in shares of Criteo in the second quarter valued at approximately $366,000. Finally, BlackRock Inc. increased its stake in shares of Criteo by 100.2% in the second quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock valued at $469,000 after purchasing an additional 7,141 shares during the period. Institutional investors own 86.38% of the company’s stock.
A number of research firms recently commented on CRTO. BidaskClub lowered shares of Criteo from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Vertical Group lowered shares of Criteo from a “buy” rating to a “hold” rating in a research note on Thursday, June 14th. Raymond James upgraded shares of Criteo from a “market perform” rating to an “outperform” rating in a research note on Monday, June 25th. They noted that the move was a valuation call. Citigroup raised their price objective on shares of Criteo from $31.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, July 9th. Finally, Pivotal Research began coverage on shares of Criteo in a research note on Monday, July 9th. They set a “buy” rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.89.
Shares of NASDAQ:CRTO opened at $23.59 on Tuesday. The company has a market cap of $1.58 billion, a P/E ratio of 12.68 and a beta of 1.65. Criteo SA has a 1-year low of $21.00 and a 1-year high of $47.57.
Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.14. The firm had revenue of $230.00 million during the quarter, compared to analysts’ expectations of $229.33 million. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. equities research analysts predict that Criteo SA will post 1.45 EPS for the current fiscal year.
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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