Y Intercept Hong Kong Ltd Takes $4.22 Million Position in Criteo S.A. $CRTO

Y Intercept Hong Kong Ltd bought a new stake in Criteo S.A. (NASDAQ:CRTO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 176,312 shares of the information services provider’s stock, valued at approximately $4,224,000. Y Intercept Hong Kong Ltd owned 0.30% of Criteo at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 1,184 shares during the period. TD Private Client Wealth LLC increased its stake in Criteo by 21.4% in the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider’s stock valued at $85,000 after buying an additional 426 shares during the period. Blue Trust Inc. increased its stake in Criteo by 81.2% in the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock valued at $69,000 after buying an additional 1,290 shares during the period. Blueshift Asset Management LLC acquired a new position in Criteo in the 1st quarter valued at $232,000. Finally, Fox Run Management L.L.C. acquired a new position in Criteo in the 1st quarter valued at $254,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Criteo Stock Down 0.0%

NASDAQ:CRTO opened at $20.88 on Wednesday. Criteo S.A. has a fifty-two week low of $19.50 and a fifty-two week high of $47.26. The stock has a market cap of $1.21 billion, a PE ratio of 8.74 and a beta of 0.42. The firm’s fifty day simple moving average is $22.14 and its 200-day simple moving average is $24.72.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. Criteo had a net margin of 7.10% and a return on equity of 16.91%. The business had revenue of $292.00 million for the quarter, compared to analysts’ expectations of $274.62 million. During the same period in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on CRTO. Benchmark reissued a “buy” rating on shares of Criteo in a research note on Tuesday. Wells Fargo & Company dropped their price objective on shares of Criteo from $54.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. DA Davidson dropped their price objective on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. BMO Capital Markets boosted their price objective on shares of Criteo from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus dropped their price objective on shares of Criteo from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.00.

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.