Susquehanna Fundamental Investments LLC Boosts Stake in Criteo S.A. (NASDAQ:CRTO)

Susquehanna Fundamental Investments LLC lifted its stake in Criteo S.A. (NASDAQ:CRTO) by 523.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,199 shares of the information services provider’s stock after buying an additional 49,699 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Criteo worth $2,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares during the period. Bessemer Group Inc. boosted its position in shares of Criteo by 5.2% in the first 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 during the period. Waterfront Wealth Inc. boosted its position in shares of Criteo by 1.2% in the second 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 during the period. Covestor Ltd boosted its position in shares of Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after buying an additional 718 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Criteo by 0.8% in the first 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 during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CRTO shares. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $43.00 to $58.00 in a research report on Tuesday, August 6th. StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. BMO Capital Markets boosted their price target on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley boosted their price target on Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Criteo currently has an average rating of “Moderate Buy” and a consensus target price of $50.11.

Insider Activity

In other news, CFO Sarah Js Glickman sold 5,496 shares of the company’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 transaction of $250,013.04. Following the completion of the transaction, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Criteo Stock Down 0.7 %

Shares of NASDAQ CRTO opened at $40.24 on Tuesday. The stock’s 50 day moving average price is $45.21 and its two-hundred day moving average price is $39.91. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $49.93. The stock has a market capitalization of $2.28 billion, a P/E 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The firm had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Criteo’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts anticipate that Criteo S.A. will post 2.8 EPS for the current 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.