Acadian Asset Management LLC Trims Holdings in Criteo S.A. $CRTO

Key Points

• Acadian Asset Management LLC reduced its stake in Criteo S.A. by 0.5%, holding approximately 3.69% of the company, valued at $75.57 million after selling 11,757 shares.
• Multiple hedge funds adjusted their positions in Criteo, with varied increases in ownership; for example, Jones Financial Companies increased its stake by an impressive 1,376.7%.
• Wells Fargo & Company cut its target price for Criteo shares from $54.00 to $40.00, while BMO Capital Markets raised theirs from $49.00 to $51.00, reflecting mixed sentiments among analysts.

Acadian Asset Management LLC lowered its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,135,096 shares of the information services provider's stock after selling 11,757 shares during the quarter. Acadian Asset Management LLC owned approximately 3.69% of Criteo worth $75,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vega Investment Solutions bought a new position in shares of Criteo during the 4th quarter worth $41,000. Jones Financial Companies Lllp lifted 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 worth $45,000 after acquiring an additional 1,184 shares during the period. TD Private Client Wealth LLC grew its holdings in 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 acquiring an additional 426 shares in the last quarter. The Manufacturers Life Insurance Company increased its position 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 bought a new position in shares of Criteo during the first quarter valued at approximately $232,000. 94.27% of the stock is owned by institutional investors.

Criteo Price Performance

NASDAQ CRTO traded down $0.04 during trading on Monday, hitting $21.97. The company's stock had a trading volume of 150,128 shares, compared to its average volume of 432,765. Criteo S.A. has a fifty-two week low of $21.44 and a fifty-two week high of $47.26. The company has a market cap of $1.27 billion, a PE ratio of 9.19 and a beta of 0.47. The business's 50 day simple moving average is $23.65 and its 200-day simple moving average is $27.74.

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

Insider Activity

In other news, insider Brian Gleason sold 2,842 shares of Criteo stock in a transaction on Monday, July 28th. The shares were sold at an average price of $22.85, for a total transaction of $64,939.70. Following the completion of the sale, the insider directly owned 152,122 shares in the company, valued at approximately $3,475,987.70. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

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