Engineers Gate Manager LP Takes Position in Criteo S.A. (NASDAQ:CRTO)


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Engineers Gate Manager LP acquired a new stake in Criteo S.A. (NASDAQ:CRTO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,310 shares of the information services provider’s stock, valued at approximately $314,000.

Several other hedge funds also recently added to or reduced their stakes in CRTO. Wells Fargo & Company MN grew its stake in shares of Criteo by 241.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,978 shares of the information services provider’s stock valued at $205,000 after purchasing an additional 7,056 shares during the period. Mackenzie Financial Corp bought a new stake in Criteo during the 4th quarter worth approximately $396,000. Weil Company Inc. grew its position in Criteo by 47.7% during the 4th quarter. Weil Company Inc. now owns 25,966 shares of the information services provider’s stock worth $533,000 after acquiring an additional 8,389 shares during the last quarter. Bessemer Group Inc. grew its position in Criteo by 22.2% during the 4th quarter. Bessemer Group Inc. now owns 30,300 shares of the information services provider’s stock worth $621,000 after acquiring an additional 5,495 shares during the last quarter. Finally, BlackRock Inc. grew its position in Criteo by 70.1% during the 4th quarter. BlackRock Inc. now owns 34,289 shares of the information services provider’s stock worth $703,000 after acquiring an additional 14,131 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.

A number of research firms recently commented on CRTO. Zacks Investment Research upgraded Criteo from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, February 17th. Truist increased their price target on Criteo from $20.00 to $37.00 in a research report on Friday, February 12th. JMP Securities upgraded Criteo from a “market perform” rating to a “market outperform” rating and set a $45.00 price target on the stock in a research report on Thursday, April 1st. Citigroup upped their price objective on Criteo from $20.00 to $32.00 in a report on Thursday, February 11th. Finally, Macquarie raised Criteo from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Thursday, February 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Criteo has an average rating of “Buy” and an average price target of $25.79.

In related news, EVP Ryan Damon sold 1,400 shares of the firm’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $35.00, for a total transaction of $49,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 4,365 shares of company stock worth $147,845 in the last ninety days. 4.56% of the stock is currently owned by company insiders.

CRTO stock opened at $35.63 on Thursday. The business’s fifty day moving average is $33.34 and its 200-day moving average is $21.76. The company has a market cap of $2.16 billion, a P/E ratio of 32.99 and a beta of 1.05. Criteo S.A. has a twelve month low of $8.19 and a twelve month high of $37.18.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Tuesday, February 9th. The information services provider reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.22. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $228.52 million. Criteo had a return on equity of 11.08% and a net margin of 3.32%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. Analysts predict that Criteo S.A. will post 1.57 EPS for the current year.

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, and 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.

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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