The Manufacturers Life Insurance Company Has $258,000 Stake in Criteo S.A. (NASDAQ:CRTO)

The Manufacturers Life Insurance Company increased its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 17.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,520 shares of the information services provider’s stock after acquiring an additional 971 shares during the period. The Manufacturers Life Insurance Company’s holdings in Criteo were worth $258,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in Criteo in the 4th quarter valued at approximately $1,581,000. Intrinsic Edge Capital Management LLC acquired a new stake in Criteo in the 4th quarter valued at approximately $9,211,000. Two Sigma Securities LLC acquired a new stake in Criteo in the 4th quarter valued at approximately $210,000. Stifel Financial Corp grew its holdings in Criteo by 9.3% in the 4th quarter. Stifel Financial Corp now owns 22,722 shares of the information services provider’s stock valued at $899,000 after buying an additional 1,936 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Criteo by 94.3% in the 4th quarter. Marshall Wace LLP now owns 579,606 shares of the information services provider’s stock valued at $22,929,000 after buying an additional 281,355 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the business’s 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 completion of the transaction, the insider now directly owns 157,450 shares of the company’s stock, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.66% of the company’s stock.

Criteo Trading Down 0.9%

NASDAQ:CRTO opened at $28.42 on Monday. Criteo S.A. has a 1 year low of $26.67 and a 1 year high of $49.93. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 16.92 and a beta of 0.63. The stock has a 50-day moving average price of $32.11 and a two-hundred day moving average price of $37.09.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $259.86 million. During the same period in the previous year, the firm earned $0.80 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CRTO. Morgan Stanley lowered their target price on Criteo from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. BMO Capital Markets lowered their price target on Criteo from $60.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company cut their price objective on Criteo from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. DA Davidson cut their price objective on Criteo from $57.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Finally, Susquehanna dropped their target price on Criteo from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. One investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.70.

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.