Criteo S.A. (NASDAQ:CRTO) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. lifted its position in shares of Criteo S.A. (NASDAQ:CRTO) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 407,822 shares of the information services provider’s stock after purchasing an additional 7,469 shares during the period. APG Asset Management N.V.’s holdings in Criteo were worth $14,353,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CRTO. GAMMA Investing LLC raised its stake in Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after buying an additional 297 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Criteo during the 1st quarter worth about $48,000. EverSource Wealth Advisors LLC lifted its stake in Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares during the last quarter. Covestor Ltd increased its stake in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after purchasing an additional 1,823 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. DA Davidson upgraded shares of Criteo from a “neutral” rating to a “buy” rating and upped their target price for the company from $43.00 to $58.00 in a report on Tuesday, August 6th. BMO Capital Markets lifted their target price on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Morgan Stanley upped their target price on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. Finally, Benchmark increased their price objective on Criteo from $45.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and an average price target of $50.11.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 5,496 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the sale, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is currently owned by insiders.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $40.54 on Friday. The company has a market cap of $2.30 billion, a PE ratio of 41.79 and a beta of 0.99. The stock has a fifty day moving average price of $45.30 and a 200 day moving average price of $39.84. Criteo S.A. has a 1-year low of $22.10 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO) last issued its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Analysts anticipate that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

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.