Callan Family Office LLC Takes Position in Criteo S.A. (NASDAQ:CRTO)

Callan Family Office LLC bought a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,195 shares of the information services provider’s stock, valued at approximately $443,000.

Several other institutional investors have also modified their holdings of CRTO. Charles Schwab Investment Management Inc. increased its holdings in Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after purchasing an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Criteo during the 3rd quarter valued at approximately $1,405,000. Stifel Financial Corp grew its position in shares of Criteo by 263.5% during the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after buying an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after buying an additional 80,424 shares during the last quarter. Finally, Senvest Management LLC raised its holdings in Criteo by 19.6% in the third 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 in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley upped 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. DA Davidson lifted their target price on Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $61.00 price target (up from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Criteo has a consensus rating of “Moderate Buy” and an average target price of $52.90.

Criteo Price Performance

Shares of CRTO opened at $36.66 on Monday. Criteo S.A. has a 12 month low of $32.71 and a 12 month high of $49.93. The stock has a fifty day moving average price of $39.92 and a 200 day moving average price of $40.79. The company has a market cap of $2.12 billion, a P/E ratio of 21.82 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping 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%. As a group, research analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Megan Clarken sold 7,481 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the completion of the transaction, the chief executive officer now directly owns 502,052 shares of the company’s stock, valued at $22,346,334.52. This represents a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Gleason sold 3,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 owns 139,085 shares in the company, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,156 shares of company stock worth $1,243,028. Insiders own 1.71% of the company’s stock.

Criteo Company 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.