Criteo S.A. $CRTO Stock Holdings Lifted by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Criteo S.A. by 245.3% in the first quarter, owning a total of 100,404 shares valued at approximately $3,555,000.
• Criteo reported $0.92 EPS for the last quarter, surpassing estimates, with revenue reaching $292 million, up 2.5% from the previous year.
• Analyst target prices for Criteo have been revised downward; Wells Fargo set a new target of $40.00, while BMO Capital Markets has increased their target to $51.00.

Cubist Systematic Strategies LLC boosted its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 245.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,404 shares of the information services provider's stock after purchasing an additional 71,327 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.19% of Criteo worth $3,555,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vega Investment Solutions bought a new stake in Criteo in the fourth quarter valued at $41,000. TD Private Client Wealth LLC increased its holdings 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 worth $85,000 after acquiring an additional 426 shares during the period. Wells Fargo & Company MN lifted its position in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after purchasing an additional 1,455 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Criteo by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock valued at $258,000 after purchasing an additional 971 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in Criteo during the 1st quarter valued at about $232,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CRTO shares. Wells Fargo & Company dropped their price target 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 increased their price objective on Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Benchmark cut their target price on Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Stifel Nicolaus decreased their price target on Criteo from $42.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Finally, DA Davidson lowered their price target on Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Criteo presently has a consensus rating of "Hold" and a consensus price target of $40.00.

Criteo Stock Down 2.1%

CRTO traded down $0.49 during trading on Wednesday, reaching $22.64. The stock had a trading volume of 397,321 shares, compared to its average volume of 268,212. The stock has a 50 day moving average of $23.77 and a two-hundred day moving average of $28.15. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.47 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 issued its quarterly earnings results 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 company had revenue of $292.00 million for 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 firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. Criteo has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, insider Brian Gleason sold 2,842 shares of the company'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 directly owned 152,122 shares of the company's stock, valued at approximately $3,475,987.70. This represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.66% of the company's stock.

Criteo 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.