Cubist Systematic Strategies LLC decreased its position in shares of Criteo (NASDAQ:CRTO) by 64.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,982 shares of the information services provider’s stock after selling 66,518 shares during the quarter. Cubist Systematic Strategies LLC owned 0.06% of Criteo worth $956,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV lifted its holdings in shares of Criteo by 1.2% during the first quarter. KBC Group NV now owns 164,190 shares of the information services provider’s stock worth $4,243,000 after purchasing an additional 2,012 shares during the period. PARUS FINANCE UK Ltd lifted its holdings in shares of Criteo by 0.5% during the fourth quarter. PARUS FINANCE UK Ltd now owns 551,915 shares of the information services provider’s stock worth $14,366,000 after purchasing an additional 2,790 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Criteo by 4.2% during the fourth quarter. California Public Employees Retirement System now owns 74,710 shares of the information services provider’s stock worth $1,945,000 after purchasing an additional 2,985 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Criteo by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 44,502 shares of the information services provider’s stock worth $1,157,000 after purchasing an additional 5,588 shares during the period. Finally, Profund Advisors LLC lifted its holdings in shares of Criteo by 35.9% during the fourth quarter. Profund Advisors LLC now owns 30,024 shares of the information services provider’s stock worth $782,000 after purchasing an additional 7,935 shares during the period. 76.40% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on CRTO shares. Citigroup lifted their target price on Criteo from $32.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, March 5th. ValuEngine downgraded Criteo from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. BidaskClub raised Criteo from a “sell” rating to a “hold” rating in a report on Friday, April 13th. Finally, Vertical Group downgraded Criteo from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.88.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, May 2nd. The information services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.14. Criteo had a return on equity of 14.52% and a net margin of 4.21%. The company had revenue of $240.00 million during the quarter, compared to the consensus estimate of $233.08 million. During the same period in the previous year, the company posted $0.46 earnings per share. Criteo’s revenue for the quarter was up 14.3% on a year-over-year basis. equities research analysts predict that Criteo will post 1.54 EPS for the current fiscal year.
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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