Waterfront Wealth Inc. Acquires 4,980 Shares of Criteo S.A. $CRTO

Waterfront Wealth Inc. boosted its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,761 shares of the information services provider’s stock after acquiring an additional 4,980 shares during the quarter. Waterfront Wealth Inc. owned 0.11% of Criteo worth $1,384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CRTO. Cambridge Investment Research Advisors Inc. bought a new stake in Criteo during the 1st quarter worth approximately $524,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Criteo by 8.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 37,939 shares of the information services provider’s stock valued at $1,343,000 after purchasing an additional 2,900 shares during the last quarter. VELA Investment Management LLC boosted its stake in shares of Criteo by 20.2% in the 1st quarter. VELA Investment Management LLC now owns 188,744 shares of the information services provider’s stock valued at $6,683,000 after purchasing an additional 31,758 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Criteo by 10.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 102,453 shares of the information services provider’s stock valued at $3,628,000 after purchasing an additional 9,382 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of Criteo by 21.4% in the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider’s stock valued at $85,000 after purchasing an additional 426 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Criteo Stock Down 0.0%

Criteo stock opened at $20.88 on Wednesday. Criteo S.A. has a 12-month low of $19.50 and a 12-month high of $47.26. The firm’s fifty day moving average is $22.14 and its 200 day moving average is $24.72. The company has a market capitalization of $1.21 billion, a PE ratio of 8.74 and a beta of 0.42.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. Criteo had a net margin of 7.10% and a return on equity of 16.91%. The company had revenue of $292.00 million for the quarter, compared to the consensus estimate of $274.62 million. During the same quarter in the previous year, the company earned $1.08 EPS. Criteo’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts expect that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRTO has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Stifel Nicolaus reduced their price objective on shares of Criteo from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Wells Fargo & Company reduced their price objective on shares of Criteo from $54.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. BMO Capital Markets upped their price objective on shares of Criteo from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Benchmark reaffirmed a “buy” rating on shares of Criteo in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.00.

About Criteo

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, 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.