Congress Asset Management Co. Cuts Stock Position in Criteo S.A. (NASDAQ:CRTO)

Congress Asset Management Co. decreased its position in shares of Criteo S.A. (NASDAQ:CRTO) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,125,279 shares of the information services provider’s stock after selling 83,782 shares during the period. Congress Asset Management Co. owned 2.04% of Criteo worth $44,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in shares of Criteo during the third quarter worth $50,000. Blue Trust Inc. increased its position in Criteo by 99.5% during the 3rd quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock valued at $139,000 after buying an additional 1,840 shares in the last quarter. Assetmark Inc. raised its stake in Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after buying an additional 424 shares during the last quarter. Barclays PLC boosted its holdings in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Criteo during the third quarter worth about $250,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Performance

NASDAQ CRTO opened at $43.72 on Friday. Criteo S.A. has a fifty-two week low of $30.76 and a fifty-two week high of $49.93. The firm has a market capitalization of $2.41 billion, a P/E ratio of 26.02 and a beta of 1.05. The stock has a 50-day simple moving average of $40.48 and a two-hundred day simple moving average of $41.55.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, analysts forecast that Criteo S.A. will post 2.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRTO has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Susquehanna decreased their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Morgan Stanley raised their target price on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets boosted their price target on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.90.

Insider Activity at Criteo

In other news, insider Brian Gleason sold 3,135 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the sale, the insider now directly owns 139,085 shares in the company, valued at $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Megan Clarken sold 7,481 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the transaction, the chief executive officer now owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,845 shares of company stock worth $1,795,516 in the last three months. Company insiders own 1.71% of the company’s stock.

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.