Natixis Advisors LLC Sells 236 Shares of Criteo S.A. (NASDAQ:CRTO)

Natixis Advisors LLC reduced its position in Criteo S.A. (NASDAQ:CRTO) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,432 shares of the information services provider’s stock after selling 236 shares during the quarter. Natixis Advisors LLC’s holdings in Criteo were worth $431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after acquiring an additional 682 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Criteo by 1.2% in the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after acquiring an additional 686 shares in the last quarter. Covestor Ltd raised its holdings in shares of Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 718 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Criteo by 0.8% in the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after acquiring an additional 768 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Insider Transactions at Criteo

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. KeyCorp downgraded shares of Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Macquarie boosted their target price on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. DA Davidson upgraded shares of Criteo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $43.00 to $58.00 in a report on Tuesday, August 6th. Finally, Benchmark boosted their target price on shares of Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Criteo has an average rating of “Moderate Buy” and an average target price of $50.11.

Criteo Stock Performance

NASDAQ CRTO opened at $43.50 on Friday. The business has a fifty day moving average price of $44.89 and a 200 day moving average price of $39.12. Criteo S.A. has a one year low of $22.10 and a one year high of $49.93. The company has a market cap of $2.44 billion, a P/E ratio of 44.85 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The company had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. Criteo’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. As a group, sell-side analysts predict that Criteo S.A. will post 2.8 EPS for the current fiscal year.

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.