Tower Research Capital LLC TRC Reduces Stock Position in Criteo S.A. (NASDAQ:CRTO)

Tower Research Capital LLC TRC cut its stake in Criteo S.A. (NASDAQ:CRTO) by 85.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,144 shares of the information services provider’s stock after selling 6,928 shares during the period. Tower Research Capital LLC TRC’s holdings in Criteo were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CRTO. Barclays PLC grew its position in shares of Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after purchasing an additional 1,787 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Criteo in the fourth quarter valued at approximately $510,000. Blue Trust Inc. grew its position in shares of Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 1,916 shares in the last quarter. KBC Group NV purchased a new stake in shares of Criteo in the fourth quarter valued at approximately $2,887,000. Finally, Palumbo Wealth Management LLC purchased a new stake in shares of Criteo in the fourth quarter valued at approximately $208,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Stock Up 1.3%

Shares of Criteo stock opened at $29.93 on Wednesday. The business’s fifty day simple moving average is $32.51 and its 200-day simple moving average is $37.28. Criteo S.A. has a 52 week low of $26.67 and a 52 week high of $49.93. The firm has a market cap of $1.61 billion, a PE ratio of 17.82 and a beta of 0.63.

Criteo (NASDAQ:CRTO) last posted its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. During the same quarter in the prior year, the company earned $0.80 EPS. Criteo’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Criteo S.A. will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CRTO shares. Susquehanna dropped their price target on Criteo from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus reduced their target price on Criteo from $61.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. DA Davidson decreased their price target on Criteo from $57.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company decreased their price target on Criteo from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Criteo presently has an average rating of “Moderate Buy” and an average price target of $46.70.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the transaction, the chief executive officer now owns 488,229 shares of the company’s stock, valued at approximately $21,267,255.24. This represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the transaction, the insider now directly owns 157,450 shares in the company, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their position. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Criteo 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.