Criteo S.A. (NASDAQ:CRTO) is Orchard Capital Management LLC’s 2nd Largest Position

Orchard Capital Management LLC decreased its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,896 shares of the information services provider’s stock after selling 6,555 shares during the quarter. Criteo accounts for approximately 5.2% of Orchard Capital Management LLC’s portfolio, making the stock its 2nd largest position. Orchard Capital Management LLC’s holdings in Criteo were worth $17,121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CRTO. GAMMA Investing LLC boosted its stake in Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Criteo during the first quarter valued at approximately $48,000. Covestor Ltd boosted its stake in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares during the period. Blue Trust Inc. boosted its stake in shares of Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 1,823 shares during the period. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Criteo during the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the transaction, the chief financial officer now owns 320,201 shares in the company, valued at $14,565,943.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.71% of the stock is owned by corporate insiders.

Criteo Stock Up 0.8 %

Shares of Criteo stock opened at $42.70 on Friday. The business has a 50 day moving average of $45.15 and a 200 day moving average of $39.46. The company has a market cap of $2.42 billion, a PE ratio of 44.02 and a beta of 0.99. Criteo S.A. has a 52 week low of $22.10 and a 52 week high of $49.93.

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

Analyst Upgrades and Downgrades

CRTO has been the subject of a number of analyst reports. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and increased their price objective for the company from $43.00 to $58.00 in a research note on Tuesday, August 6th. Morgan Stanley increased their price objective on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Susquehanna upped their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.11.

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.