Criteo S.A. (NASDAQ:CRTO) Stake Boosted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 523.1% in the 2nd quarter, Holdings Channel reports. The firm owned 59,199 shares of the information services provider’s stock after acquiring an additional 49,699 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Criteo were worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Criteo by 67.3% in the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares in the last quarter. Bessemer Group Inc. grew its holdings in Criteo by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock worth $484,000 after buying an additional 682 shares in the last quarter. Waterfront Wealth Inc. grew its holdings in Criteo by 1.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after buying an additional 686 shares in the last quarter. Covestor Ltd grew its holdings 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 buying an additional 718 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Criteo by 0.8% in the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock worth $3,549,000 after buying an additional 768 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $40.24 on Tuesday. Criteo S.A. has a one year low of $22.10 and a one year high of $49.93. The stock has a fifty day moving average of $45.21 and a 200-day moving average of $39.91. The company has a market capitalization of $2.28 billion, a PE ratio of 41.48 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $263.64 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, research analysts forecast that Criteo S.A. will post 2.8 EPS for the current fiscal year.

Insider Activity

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 completion of the sale, the chief financial officer now owns 320,201 shares in the company, valued at $14,565,943.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $58.00 in a report on Tuesday, August 6th. Benchmark increased their price objective on Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Susquehanna increased their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Finally, Macquarie increased their price target on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.11.

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.