Blue Trust Inc. Buys 1,840 Shares of Criteo S.A. (NASDAQ:CRTO)

Blue Trust Inc. boosted its stake in Criteo S.A. (NASDAQ:CRTO) by 99.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,689 shares of the information services provider’s stock after acquiring an additional 1,840 shares during the period. Blue Trust Inc.’s holdings in Criteo were worth $139,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Alpha DNA Investment Management LLC bought a new stake in Criteo in the second quarter valued at approximately $473,000. Lord Abbett & CO. LLC boosted its holdings in Criteo by 3.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after acquiring an additional 37,364 shares during the last quarter. Inspire Investing LLC bought a new stake in Criteo in the second quarter valued at approximately $819,000. SG Americas Securities LLC bought a new stake in Criteo in the second quarter valued at approximately $248,000. Finally, BNP Paribas Financial Markets boosted its holdings in Criteo by 23.3% in the first quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock valued at $7,014,000 after acquiring an additional 37,844 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Susquehanna upped their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Macquarie increased their price target on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Benchmark restated a “buy” rating and set a $56.00 price target on shares of Criteo in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Criteo has a consensus rating of “Moderate Buy” and a consensus price target of $50.11.

Criteo Stock Up 0.8 %

Shares of CRTO opened at $41.31 on Monday. Criteo S.A. has a 12-month low of $22.10 and a 12-month high of $49.93. The business’s fifty day moving average is $43.20 and its 200 day moving average is $40.66. The stock has a market cap of $2.34 billion, a P/E ratio of 42.59 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last issued its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The company had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. During the same period last year, the business earned $0.12 EPS. Criteo’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect that Criteo S.A. will post 2.8 EPS for the current year.

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.