Congress Asset Management Co. Makes New Investment in Criteo S.A. (NASDAQ:CRTO)

Congress Asset Management Co. bought a new stake in Criteo S.A. (NASDAQ:CRTO - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,209,061 shares of the information services provider's stock, valued at approximately $48,653,000. Congress Asset Management Co. owned 2.13% of Criteo at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Criteo by 99.5% during the 3rd quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider's stock worth $139,000 after buying an additional 1,840 shares during the last quarter. USA Financial Formulas acquired a new position in Criteo in the 3rd quarter valued at about $31,000. GAMMA Investing LLC increased its position in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock worth $65,000 after purchasing an additional 869 shares during the period. Handelsbanken Fonder AB increased its position in Criteo by 17.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 13,300 shares of the information services provider's stock worth $535,000 after purchasing an additional 2,000 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Criteo during the 2nd quarter worth approximately $1,327,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares of the company's stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the sale, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now owns 313,398 shares of the company's stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

Criteo Price Performance

Shares of CRTO traded up $0.09 during trading hours on Thursday, reaching $33.68. 982,847 shares of the company's stock traded hands, compared to its average volume of 362,806. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 34.51 and a beta of 0.99. Criteo S.A. has a twelve month low of $22.10 and a twelve month high of $49.93. The business's fifty day simple moving average is $42.60 and its two-hundred day simple moving average is $40.71.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results 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 firm 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 was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. On average, equities research analysts expect that Criteo S.A. will post 2.8 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Criteo from $40.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. KeyCorp downgraded Criteo from an "overweight" rating to a "sector weight" rating in a report on Tuesday, July 30th. Morgan Stanley increased their price target on Criteo from $35.00 to $39.00 and gave the company an "equal weight" rating in a report on Tuesday, July 23rd. Macquarie raised their price target on shares of Criteo from $45.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, StockNews.com cut Criteo from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $51.22.

Criteo 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.