Lord Abbett & CO. LLC Lowers Position in Criteo S.A. $CRTO

Key Points

• Lord Abbett & CO. LLC decreased its ownership in Criteo S.A. by 1.4%, holding approximately 1,078,318 shares valued at $38.18 million, as reported in its latest SEC filing.
• Insider Brian Gleason sold 2,842 shares of Criteo at an average price of $22.85, leading to a 1.83% reduction in his ownership of the stock.
• Criteo's stock rose 1.6% and has a market cap of $1.40 billion, with analysts expecting an EPS of 3.09 for the current fiscal year.

Lord Abbett & CO. LLC trimmed its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,078,318 shares of the information services provider's stock after selling 14,912 shares during the period. Lord Abbett & CO. LLC owned approximately 2.01% of Criteo worth $38,183,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Criteo during the first quarter valued at $524,000. The Manufacturers Life Insurance Company lifted 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 acquiring an additional 971 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Criteo by 10.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 102,453 shares of the information services provider's stock valued at $3,628,000 after acquiring an additional 9,382 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Criteo by 81.8% in the fourth quarter. Barclays PLC now owns 11,247 shares of the information services provider's stock worth $445,000 after acquiring an additional 5,061 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Criteo Stock Up 3.2%

NASDAQ:CRTO traded up $0.74 during mid-day trading on Wednesday, hitting $24.11. 416,590 shares of the company traded hands, compared to its average volume of 497,339. The stock's fifty day moving average price is $23.83 and its 200-day moving average price is $30.17. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 10.09 and a beta of 0.43. Criteo S.A. has a one year low of $22.43 and a one year high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information services provider reported $0.92 EPS 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 firm had revenue of $292.00 million for the quarter, compared to the consensus estimate of $274.62 million. During the same quarter last year, the company earned $1.08 earnings per share. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. Criteo has set its Q3 2025 guidance at EPS. Equities analysts predict that Criteo S.A. will post 3.09 EPS for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $25.81, for a total transaction of $63,621.65. Following the transaction, the chief financial officer owned 362,710 shares of the company's stock, valued at $9,361,545.10. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 2,842 shares of the firm'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 sale, the insider directly owned 152,122 shares in the company, valued at approximately $3,475,987.70. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,708 shares of company stock valued at $320,444 over the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CRTO shares. Stifel Nicolaus lowered their price objective on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Susquehanna decreased their target price on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Benchmark dropped their price target on Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, Morgan Stanley reduced their price objective on Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently 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.