Criteo S.A. $CRTO Shares Purchased by VELA Investment Management LLC

Key Points

• VELA Investment Management LLC increased its stake in Criteo S.A. by 86.5% during the 2nd quarter, holding 351,940 shares, making it the firm's 4th largest holding.
• Insider Brian Gleason sold 2,842 shares of Criteo, resulting in a 1.83% decrease in his ownership, while 1.66% of the stock is held by insiders.
• As of the latest earnings report, Criteo posted an earnings per share of $0.92, exceeding estimates, with revenues of $292 million for the quarter, marking a 2.5% year-over-year increase.

VELA Investment Management LLC boosted its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 86.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 351,940 shares of the information services provider's stock after purchasing an additional 163,196 shares during the quarter. Criteo makes up 2.3% of VELA Investment Management LLC's portfolio, making the stock its 4th biggest holding. VELA Investment Management LLC owned approximately 0.61% of Criteo worth $8,432,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRTO. Jones Financial Companies Lllp increased its stake in Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after purchasing an additional 1,184 shares during the last quarter. Blue Trust Inc. grew its position in Criteo by 81.2% during the second quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider's stock valued at $69,000 after acquiring an additional 1,290 shares during the period. TD Private Client Wealth LLC grew its position 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 valued at $85,000 after acquiring an additional 426 shares during the period. Blueshift Asset Management LLC purchased a new stake in Criteo during the first quarter valued at about $232,000. Finally, Fox Run Management L.L.C. purchased a new stake in Criteo during the first quarter valued at about $254,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Criteo

In other Criteo news, insider Brian Gleason sold 2,842 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $22.85, for a total transaction of $64,939.70. Following the sale, the insider owned 152,122 shares in the company, valued at $3,475,987.70. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

CRTO has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on Criteo from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Wells Fargo & Company lowered their price target on Criteo from $54.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, July 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Criteo in a research report on Wednesday, October 8th. Benchmark lowered their price target on Criteo from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Finally, BMO Capital Markets boosted their price target on Criteo from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Criteo currently has a consensus rating of "Hold" and a consensus target price of $40.00.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $19.80 on Friday. Criteo S.A. has a 1-year low of $19.50 and a 1-year high of $47.26. The business has a 50-day moving average of $22.64 and a 200-day moving average of $25.39. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.28 and a beta of 0.42.

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

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.

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