Federated Hermes Inc. Purchases 14,942 Shares of Criteo S.A. (NASDAQ:CRTO)

Federated Hermes Inc. grew its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 21.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 83,808 shares of the information services provider's stock after buying an additional 14,942 shares during the period. Federated Hermes Inc. owned approximately 0.15% of Criteo worth $3,315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CRTO. Waterfront Wealth Inc. boosted its stake in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock valued at $1,945,000 after purchasing an additional 335 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock valued at $1,978,000 after purchasing an additional 518 shares in the last quarter. Assetmark Inc. boosted its position in shares of Criteo by 9.9% during the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock valued at $244,000 after buying an additional 558 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after buying an additional 1,455 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Criteo by 31.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock worth $245,000 after buying an additional 1,490 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 3,135 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the sale, the insider now owns 139,085 shares in the company, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the completion of the sale, the chief executive officer now directly owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on CRTO shares. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Morgan Stanley decreased their target price on shares of Criteo from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday. BMO Capital Markets upped their price objective on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Criteo from $48.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on shares of Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Criteo currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.40.

Criteo Stock Up 2.4 %

NASDAQ:CRTO traded up $0.70 during trading hours on Friday, hitting $29.90. 400,697 shares of the stock traded hands, compared to its average volume of 430,054. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.80 and a beta of 0.74. Criteo S.A. has a 1 year low of $27.46 and a 1 year high of $49.93. The stock has a 50 day moving average price of $36.18 and a 200 day moving average price of $38.51.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. Equities analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

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.