K.J. Harrison & Partners Inc Acquires New Position in Criteo S.A. (NASDAQ:CRTO)

K.J. Harrison & Partners Inc bought a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the information services provider’s stock, valued at approximately $393,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whale Rock Capital Management LLC increased its stake in Criteo by 230.1% in the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after purchasing an additional 1,756,507 shares during the last quarter. Congress Asset Management Co. acquired a new stake in Criteo in the 3rd quarter worth about $48,653,000. Lord Abbett & CO. LLC grew its holdings in Criteo by 42.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after buying an additional 547,718 shares during the period. Senvest Management LLC increased its stake in shares of Criteo by 19.6% during the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after acquiring an additional 475,530 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Criteo in the third quarter valued at approximately $6,676,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $61.00 price objective (up from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. BMO Capital Markets upped their price target on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company increased their target price on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.90.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $38.26 on Friday. The business’s 50-day simple moving average is $40.37 and its 200 day simple moving average is $41.34. The company has a market cap of $2.21 billion, a P/E ratio of 22.77 and a beta of 1.05. Criteo S.A. has a one year low of $32.14 and a one year high of $49.93.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Brian Gleason sold 3,135 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction on Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the sale, the insider now owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,156 shares of company stock valued at $1,243,028 in the last quarter. Company insiders own 1.71% of the company’s stock.

Criteo 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.