Congress Asset Management Co. Purchases Shares of 1,209,061 Criteo S.A. (NASDAQ:CRTO)

Congress Asset Management Co. purchased a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,209,061 shares of the information services provider’s stock, valued at approximately $48,653,000. Congress Asset Management Co. owned approximately 2.13% of Criteo at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in Criteo by 0.3% during the first quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock worth $76,972,000 after acquiring an additional 6,698 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Criteo by 3.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after buying an additional 37,364 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Criteo by 1.9% in the 2nd quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock valued at $14,353,000 after buying an additional 7,469 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of Criteo in the second quarter valued at $11,059,000. Finally, BNP Paribas Financial Markets increased its holdings in Criteo by 23.3% during the first quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock worth $7,014,000 after buying an additional 37,844 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. BMO Capital Markets lifted their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Benchmark reissued a “buy” rating and issued a $56.00 price objective on shares of Criteo in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.78.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Criteo news, insider Brian Gleason sold 2,841 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the transaction, the chief financial officer now owns 313,398 shares of the company’s stock, valued at $12,723,958.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Criteo Stock Performance

Shares of CRTO stock traded up $0.56 on Thursday, hitting $34.15. The company’s stock had a trading volume of 294,288 shares, compared to its average volume of 359,543. Criteo S.A. has a fifty-two week low of $22.10 and a fifty-two week high of $49.93. The company has a market capitalization of $1.94 billion, a PE ratio of 34.93 and a beta of 0.99. The stock’s 50 day moving average is $42.91 and its 200-day moving average is $40.76.

Criteo (NASDAQ:CRTO) last announced its earnings results on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The company had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. During the same period last year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts forecast that Criteo S.A. will post 2.8 earnings per share for the current year.

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.