Alliancebernstein L.P. Boosts Position in Criteo S.A. $CRTO

Key Points

• Alliancebernstein L.P. increased its stake in Criteo S.A. by 14.0%, owning approximately 8.07% of the company after acquiring 532,879 additional shares.
• Analysts have mixed ratings on Criteo, with five giving a Buy rating and others revising down their price targets, resulting in a consensus target price of $40.00.
• Criteo's recent earnings report showed an EPS of $0.92, exceeding expectations and reflecting a 2.5% revenue increase year-over-year.

Alliancebernstein L.P. increased its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,329,854 shares of the information services provider's stock after purchasing an additional 532,879 shares during the quarter. Alliancebernstein L.P. owned 8.07% of Criteo worth $153,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRTO. Vega Investment Solutions acquired a new stake in shares of Criteo during the 4th quarter worth about $41,000. TD Private Client Wealth LLC increased its position in shares of Criteo by 21.4% during the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock worth $85,000 after purchasing an additional 426 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after purchasing an additional 1,455 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Criteo during the 1st quarter worth about $232,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Criteo during the 1st quarter worth about $254,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Criteo Stock Performance

Shares of CRTO traded up $0.21 during midday trading on Wednesday, hitting $23.34. The company had a trading volume of 122,814 shares, compared to its average volume of 432,353. The company's 50-day simple moving average is $23.80 and its 200-day simple moving average is $28.19. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.76 and a beta of 0.47. Criteo S.A. has a 1 year low of $22.43 and a 1 year high of $47.26.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.22. The business had revenue of $292.00 million during the quarter, compared to analysts' expectations of $274.62 million. Criteo had a return on equity of 16.91% and a net margin of 7.10%.The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Criteo has set its Q3 2025 guidance at EPS. Equities analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRTO. BMO Capital Markets raised their price objective on Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company dropped their target price on Criteo from $54.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, July 29th. DA Davidson dropped their target price on Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Stifel Nicolaus dropped their target price on Criteo from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Finally, Benchmark dropped their target price on Criteo from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Criteo presently has a consensus rating of "Hold" and an average target price of $40.00.

Insider Activity

In other news, insider Brian Gleason sold 2,842 shares of Criteo stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $22.85, for a total value of $64,939.70. Following the completion of the transaction, the insider owned 152,122 shares in the company, valued at approximately $3,475,987.70. This trade represents a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.66% of the company's stock.

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.