Atria Investments Inc Grows Position in Criteo S.A. (NASDAQ:CRTO)

Atria Investments Inc raised its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 57.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,770 shares of the information services provider’s stock after acquiring an additional 3,548 shares during the quarter. Atria Investments Inc’s holdings in Criteo were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after buying an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in shares of Criteo in the third quarter worth about $1,405,000. Stifel Financial Corp lifted its holdings in shares of Criteo by 263.5% in the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after buying an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after buying an additional 80,424 shares in the last quarter. Finally, Senvest Management LLC lifted its holdings in shares of Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after buying an additional 475,530 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $36.23 on Monday. Criteo S.A. has a one year low of $33.15 and a one year high of $49.93. The firm’s 50 day simple moving average is $39.48 and its two-hundred day simple moving average is $40.33. The stock has a market capitalization of $2.09 billion, a P/E ratio of 21.57 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, equities analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other news, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the transaction, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now owns 139,085 shares in the company, valued at $5,139,190.75. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,363 shares of company stock worth $1,124,213. Insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. BMO Capital Markets upped their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. DA Davidson upped their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley upped their price objective on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Criteo currently has a consensus rating of “Moderate Buy” and an average price target of $52.90.

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.