Janus Henderson Group PLC trimmed its stake in Criteo SA (NASDAQ:CRTO) by 33.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 762,080 shares of the information services provider’s stock after selling 374,890 shares during the quarter. Janus Henderson Group PLC’s holdings in Criteo were worth $15,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Republic Investment Management Inc. raised its holdings in shares of Criteo by 3.1% in the first quarter. First Republic Investment Management Inc. now owns 17,075 shares of the information services provider’s stock valued at $342,000 after buying an additional 516 shares during the last quarter. Renaissance Group LLC raised its holdings in shares of Criteo by 2.0% in the first quarter. Renaissance Group LLC now owns 26,169 shares of the information services provider’s stock valued at $524,000 after buying an additional 525 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Criteo in the first quarter valued at about $63,000. SG Americas Securities LLC raised its holdings in shares of Criteo by 471.6% in the first quarter. SG Americas Securities LLC now owns 143,567 shares of the information services provider’s stock valued at $2,876,000 after buying an additional 118,449 shares during the last quarter. Finally, Sanders Morris Harris LLC raised its holdings in shares of Criteo by 36.1% in the first quarter. Sanders Morris Harris LLC now owns 107,500 shares of the information services provider’s stock valued at $2,153,000 after buying an additional 28,500 shares during the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

CRTO has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a $40.00 price target on shares of Criteo in a report on Thursday, March 7th. BidaskClub raised Criteo from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. SunTrust Banks set a $32.00 price target on Criteo and gave the company a “buy” rating in a report on Thursday, February 14th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $23.00 price target on shares of Criteo in a report on Friday, May 3rd. Finally, BMO Capital Markets lowered their price objective on Criteo from $26.00 to $21.00 and set a “market perform” rating for the company in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.09.

In other news, CTO Dan Teodosiu sold 10,000 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $27.20, for a total transaction of $272,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.01% of the stock is currently owned by insiders.

Shares of CRTO stock opened at $19.75 on Thursday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 12.04, a PEG ratio of 2.37 and a beta of 1.03. Criteo SA has a 12 month low of $17.74 and a 12 month high of $36.66.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Tuesday, April 30th. The information services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.13. The firm had revenue of $235.69 million during the quarter, compared to analyst estimates of $234.24 million. Criteo had a return on equity of 10.75% and a net margin of 3.83%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Analysts anticipate that Criteo SA will post 1.64 EPS for the current year.

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Criteo Company Profile

Criteo SA, a technology company, provides an advertising platform for the open Internet 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 AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.

Further Reading: Convertible Shares

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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