Orchard Capital Management LLC Sells 160,070 Shares of Criteo S.A. $CRTO

Orchard Capital Management LLC trimmed its holdings in Criteo S.A. (NASDAQ:CRTO) by 74.5% in the second quarter, Holdings Channel reports. The institutional investor owned 54,827 shares of the information services provider’s stock after selling 160,070 shares during the quarter. Criteo accounts for approximately 1.5% of Orchard Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Orchard Capital Management LLC’s holdings in Criteo were worth $1,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the period. Blue Trust Inc. lifted its holdings in Criteo by 81.2% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock worth $69,000 after purchasing an additional 1,290 shares in the last quarter. Assetmark Inc. boosted its stake in Criteo by 12.0% in the 2nd quarter. Assetmark Inc. now owns 7,317 shares of the information services provider’s stock worth $175,000 after purchasing an additional 785 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Criteo in the 2nd quarter worth about $220,000. Finally, Blueshift Asset Management LLC purchased a new position in Criteo during the 1st quarter valued at about $232,000. Institutional investors own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Benchmark decreased their target price on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Zacks Research upgraded shares of Criteo from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. BMO Capital Markets restated an “outperform” rating and set a $40.00 price target on shares of Criteo in a research report on Thursday, October 30th. Finally, DA Davidson set a $38.00 price target on shares of Criteo in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.33.

Criteo Price Performance

CRTO stock opened at $19.69 on Friday. The firm has a 50 day simple moving average of $21.16 and a two-hundred day simple moving average of $23.32. The stock has a market cap of $1.03 billion, a PE ratio of 6.61 and a beta of 0.56. Criteo S.A. has a one year low of $19.15 and a one year high of $47.26.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 3,394 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $66,216.94. Following the completion of the transaction, the insider directly owned 117,508 shares in the company, valued at approximately $2,292,581.08. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Der Kooi Frederik Van purchased 5,000 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $21.52 per share, for a total transaction of $107,600.00. Following the transaction, the director directly owned 21,600 shares of the company’s stock, valued at approximately $464,832. This represents a 30.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 11,702 shares of company stock valued at $259,573 over the last ninety days. 1.66% of the stock is currently owned by insiders.

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.