S Squared Technology LLC Invests $2.52 Million in Criteo SA (NASDAQ:CRTO) Stock

S Squared Technology LLC purchased a new stake in shares of Criteo SA (NASDAQ:CRTO) during the first quarter, HoldingsChannel.com reports. The fund purchased 125,898 shares of the information services provider’s stock, valued at approximately $2,522,000. Criteo comprises about 1.9% of S Squared Technology LLC’s holdings, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in Criteo by 75.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,928,309 shares of the information services provider’s stock valued at $38,629,000 after buying an additional 826,240 shares in the last quarter. Bank of New York Mellon Corp increased its position in Criteo by 18.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,857,225 shares of the information services provider’s stock worth $87,637,000 after buying an additional 599,720 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Criteo in the fourth quarter valued at about $11,359,000. Amundi Pioneer Asset Management Inc. grew its position in shares of Criteo by 55.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,137,060 shares of the information services provider’s stock valued at $22,775,000 after purchasing an additional 405,600 shares during the last quarter. Finally, FMR LLC grew its position in shares of Criteo by 128.4% in the fourth quarter. FMR LLC now owns 433,909 shares of the information services provider’s stock valued at $9,858,000 after purchasing an additional 243,909 shares during the last quarter. 82.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ CRTO traded down $0.21 during midday trading on Friday, hitting $18.25. The company’s stock had a trading volume of 3,520 shares, compared to its average volume of 419,463. Criteo SA has a one year low of $17.74 and a one year high of $36.66. The firm has a market cap of $1.21 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Tuesday, April 30th. The information services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. Criteo had a net margin of 3.83% and a return on equity of 10.75%. The company had revenue of $235.69 million during the quarter, compared to analysts’ expectations of $234.24 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. Criteo’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities research analysts expect that Criteo SA will post 1.66 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. BidaskClub downgraded Criteo from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. Zacks Investment Research upgraded shares of Criteo from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Friday, May 10th. Rosenblatt Securities restated a “hold” rating and issued a $23.00 price objective on shares of Criteo in a research report on Friday, May 3rd. BMO Capital Markets dropped their price objective on shares of 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. Finally, ValuEngine raised shares of Criteo from a “strong sell” rating to a “sell” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $29.09.

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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.

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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