Lord Abbett & CO. LLC Sells 835,379 Shares of Criteo S.A. (NASDAQ:CRTO)

Lord Abbett & CO. LLC lessened its position in shares of Criteo S.A. (NASDAQ:CRTOGet Rating) by 46.6% in the first quarter, Holdings Channel.com reports. The firm owned 957,709 shares of the information services provider’s stock after selling 835,379 shares during the period. Lord Abbett & CO. LLC’s holdings in Criteo were worth $26,088,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Navellier & Associates Inc. increased its holdings in Criteo by 5.5% during the 4th quarter. Navellier & Associates Inc. now owns 13,093 shares of the information services provider’s stock worth $509,000 after purchasing an additional 686 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in shares of Criteo by 4.1% during the 4th quarter. Waterfront Wealth Inc. now owns 37,454 shares of the information services provider’s stock worth $1,456,000 after buying an additional 1,482 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in shares of Criteo by 16.9% during the 1st quarter. Capital Asset Advisory Services LLC now owns 11,959 shares of the information services provider’s stock worth $326,000 after buying an additional 1,733 shares during the last quarter. Black Creek Investment Management Inc. boosted its stake in shares of Criteo by 8.9% during the 4th quarter. Black Creek Investment Management Inc. now owns 26,933 shares of the information services provider’s stock worth $1,047,000 after buying an additional 2,200 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Criteo by 214.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,287 shares of the information services provider’s stock worth $324,000 after buying an additional 5,648 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Criteo news, insider Ryan Damon sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $28.57, for a total transaction of $428,550.00. Following the completion of the sale, the insider now directly owns 152,122 shares in the company, valued at $4,346,125.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

CRTO has been the subject of a number of recent research reports. Truist Financial reduced their price objective on shares of Criteo from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reduced their price objective on shares of Criteo from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Benchmark reduced their price objective on shares of Criteo from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, August 2nd. DA Davidson restated a “neutral” rating and set a $31.00 price objective (down from $47.00) on shares of Criteo in a research note on Thursday, August 4th. Finally, Berenberg Bank cut their target price on shares of Criteo from $58.50 to $53.00 and set a “buy” rating for the company in a research note on Thursday, July 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.00.

Criteo Stock Up 3.8 %

Shares of CRTO stock opened at $28.97 on Friday. The firm has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $26.17. The company has a market capitalization of $1.76 billion, a PE ratio of 13.73 and a beta of 0.86. Criteo S.A. has a 12-month low of $20.56 and a 12-month high of $43.49.

Criteo (NASDAQ:CRTOGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The information services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. The firm had revenue of $215.00 million during the quarter, compared to the consensus estimate of $219.24 million. Criteo had a net margin of 6.22% and a return on equity of 14.19%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. As a group, research analysts expect that Criteo S.A. will post 2.25 EPS for the current year.

About Criteo

(Get Rating)

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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