BTC Capital Management Inc. Decreases Position in Criteo S.A. (NASDAQ:CRTO)
BTC Capital Management Inc. reduced its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 44.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,327 shares of the information services provider’s stock after selling 4,240 shares during the period. BTC Capital Management Inc.’s holdings in Criteo were worth $262,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of CRTO. Fifth Third Bancorp acquired a new stake in Criteo during the first quarter valued at about $176,000. Hussman Strategic Advisors Inc. acquired a new stake in Criteo during the first quarter valued at about $200,000. Janney Capital Management LLC acquired a new stake in Criteo during the first quarter valued at about $216,000. Pictet & Cie Europe SA acquired a new stake in Criteo during the first quarter valued at about $221,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Criteo during the first quarter valued at about $230,000. 85.03% of the stock is currently owned by institutional investors.
Criteo S.A. (NASDAQ CRTO) opened at 49.00 on Friday. Criteo S.A. has a one year low of $32.83 and a one year high of $56.00.
Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $220 million for the quarter, compared to analysts’ expectations of $212.55 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. Analysts predict that Criteo S.A. will post $2.43 EPS for the current year.
CRTO has been the topic of a number of analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $60.00 target price on shares of Criteo in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.80 target price (down previously from $66.00) on shares of Criteo in a report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 target price on shares of Criteo in a report on Monday, July 31st. Deutsche Bank AG upped their target price on shares of Criteo from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of Criteo from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.98.
In other news, insider Jean-Baptiste Rudelle sold 150,000 shares of Criteo stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $51.69, for a total transaction of $7,753,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Benoit Fouilland sold 12,500 shares of Criteo stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $50.93, for a total transaction of $636,625.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 672,453 shares of company stock worth $34,102,134. Company insiders own 5.60% of the company’s stock.
Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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