Criteo S.A. $CRTO Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. drastically reduced its holdings in Criteo S.A. by 99.3%, selling over 1.4 million shares during the second quarter.
• Several institutional investors increased their stakes in Criteo, including a 1,376.7% increase in holdings by Jones Financial Companies Lllp in the first quarter.
• Criteo reported earnings of $0.92 per share, exceeding analysts' expectations, with a revenue of $292 million for the latest quarter.

Congress Asset Management Co. trimmed its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 99.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,689 shares of the information services provider's stock after selling 1,400,875 shares during the quarter. Congress Asset Management Co.'s holdings in Criteo were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Private Client Wealth LLC boosted its stake 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 purchasing an additional 426 shares during the period. Natixis Advisors LLC boosted its stake in shares of Criteo by 5.9% during the first quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider's stock worth $427,000 after buying an additional 672 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after buying an additional 1,184 shares during the last quarter. Invesco Ltd. increased its position in Criteo by 14.1% in the 1st quarter. Invesco Ltd. now owns 15,219 shares of the information services provider's stock valued at $539,000 after acquiring an additional 1,875 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Criteo by 8.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 37,939 shares of the information services provider's stock valued at $1,343,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRTO. Wells Fargo & Company lowered their target price on 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 boosted their price objective on shares of Criteo from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. DA Davidson reduced their target price on shares of Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus lowered their target price 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. Finally, Benchmark cut their price target 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. Five 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.00.

Criteo Price Performance

NASDAQ CRTO opened at $22.25 on Friday. The company has a market cap of $1.29 billion, a P/E ratio of 9.31 and a beta of 0.47. Criteo S.A. has a 12 month low of $21.44 and a 12 month high of $47.26. The company has a 50-day moving average of $23.31 and a 200-day moving average of $26.79.

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

Insider Buying and Selling at Criteo

In related news, insider Brian Gleason sold 2,842 shares of Criteo stock in a transaction on Monday, July 28th. The stock was sold at an average price of $22.85, for a total value of $64,939.70. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.66% of the company's stock.

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.

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