Criteo S.A. (NASDAQ:CRTO) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in Criteo S.A. (NASDAQ:CRTO) by 868.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,394 shares of the information services provider’s stock after buying an additional 1,250 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Criteo were worth $53,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares during the last quarter. Mather Group LLC. purchased a new stake in Criteo during the 1st quarter valued at about $48,000. Covestor Ltd lifted its stake in Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Criteo by 7,011.5% during the 2nd 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 during the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Criteo in the fourth quarter valued at approximately $119,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Criteo Trading Up 3.7 %

CRTO opened at $40.54 on Friday. The stock’s 50-day moving average price is $45.30 and its 200 day moving average price is $39.84. Criteo S.A. has a 12-month low of $22.10 and a 12-month high of $49.93. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 41.79 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, research analysts forecast that Criteo S.A. will post 2.8 earnings per share for the current year.

Insider Buying and Selling at Criteo

In other news, CFO Sarah Js Glickman sold 5,496 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 320,201 shares in the company, valued at $14,565,943.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. DA Davidson upgraded shares of Criteo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $43.00 to $58.00 in a research report on Tuesday, August 6th. Susquehanna boosted their target price on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley raised their price target on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Benchmark upped 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.11.

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.