358,890 Shares in Criteo S.A. $CRTO Purchased by Clough Capital Partners L P

Key Points

• Clough Capital Partners L P invested approximately $12.71 million in Criteo S.A., acquiring 358,890 shares, which now represents about 1.6% of their portfolio.
• Criteo recently reported $0.92 earnings per share, surpassing analysts' expectations of $0.70, while generating revenue of $292 million for the quarter.
• Brokerage firms have adjusted price targets for Criteo shares, with Wells Fargo lowering its target from $54 to $40 and BMO Capital Markets raising it from $49 to $51.

Clough Capital Partners L P acquired a new stake in Criteo S.A. (NASDAQ:CRTO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 358,890 shares of the information services provider's stock, valued at approximately $12,708,000. Criteo comprises approximately 1.6% of Clough Capital Partners L P's investment portfolio, making the stock its 25th largest holding. Clough Capital Partners L P owned about 0.67% of Criteo at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRTO. Vega Investment Solutions acquired a new stake in shares of Criteo in the fourth quarter valued at approximately $41,000. TD Private Client Wealth LLC increased its holdings in Criteo by 21.4% during the first quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock worth $85,000 after buying an additional 426 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after buying an additional 1,455 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Criteo during the fourth quarter worth $210,000. Finally, Blueshift Asset Management LLC acquired a new position in Criteo during the first quarter worth $232,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Criteo Trading Up 0.7%

Shares of NASDAQ:CRTO traded up $0.17 on Monday, hitting $24.83. The company had a trading volume of 286,165 shares, compared to its average volume of 332,086. Criteo S.A. has a 1-year low of $22.43 and a 1-year high of $47.43. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 10.39 and a beta of 0.47. The stock has a 50 day moving average price of $23.86 and a 200 day moving average price of $29.06.

Criteo (NASDAQ:CRTO - Get Free Report) last announced 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. The company had revenue of $292.00 million during the quarter, compared to analysts' expectations of $274.62 million. Criteo had a net margin of 7.10% and a return on equity of 16.91%. Criteo's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. Criteo has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRTO shares. DA Davidson lowered their target price on shares of Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Benchmark lowered their target price on shares of Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. BMO Capital Markets boosted their target price on shares of Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley lowered their target price on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Finally, Stifel Nicolaus decreased their price objective on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.00.

Criteo Company Profile

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.