Criteo S.A. $CRTO Shares Acquired by DnB Asset Management AS

Key Points

• DnB Asset Management AS increased its stake in Criteo S.A. by 1.9%, owning about 5.5 million shares, which comprise approximately 0.9% of its total holdings.
• Several institutional investors, including Wells Fargo and TD Private Client Wealth, have also adjusted their positions in Criteo, with overall institutional ownership reaching 94.27%.
• Following Criteo's strong earnings report that exceeded both earnings per share and revenue estimates, various analysts have set new price targets, with a consensus rating of "Hold" and a target of $40.00.

DnB Asset Management AS boosted its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,511,195 shares of the information services provider's stock after purchasing an additional 104,138 shares during the quarter. Criteo comprises 0.9% of DnB Asset Management AS's portfolio, making the stock its 18th largest position. DnB Asset Management AS owned about 10.28% of Criteo worth $195,372,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CRTO. Wells Fargo & Company MN grew its holdings in Criteo by 53.2% in the fourth 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 period. Barclays PLC grew its holdings in Criteo by 81.8% in the fourth quarter. Barclays PLC now owns 11,247 shares of the information services provider's stock valued at $445,000 after purchasing an additional 5,061 shares during the period. Stifel Financial Corp grew its holdings in Criteo by 9.3% in the fourth quarter. Stifel Financial Corp now owns 22,722 shares of the information services provider's stock valued at $899,000 after purchasing an additional 1,936 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Criteo by 17.5% in the fourth 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, Mercer Global Advisors Inc. ADV grew its holdings in Criteo by 94.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,351 shares of the information services provider's stock valued at $1,082,000 after purchasing an additional 13,291 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRTO. Stifel Nicolaus reduced their price target 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. DA Davidson reduced their price target on shares of Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company reduced their price target on shares of Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 29th. BMO Capital Markets lifted their price target on shares of Criteo from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Benchmark reduced their price target on shares of Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $40.00.

Criteo Stock Up 1.8%

Shares of NASDAQ CRTO traded up $0.42 during trading on Monday, reaching $23.75. 247,253 shares of the stock were exchanged, compared to its average volume of 435,126. The business's 50-day moving average price is $23.83 and its 200 day moving average price is $28.35. Criteo S.A. has a twelve month low of $22.43 and a twelve month high of $47.26. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.94 and a beta of 0.47.

Criteo (NASDAQ:CRTO - Get Free Report) last posted 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 firm had revenue of $292.00 million for the quarter, compared to analysts' expectations of $274.62 million. Criteo had a net margin of 7.10% and a return on equity of 16.91%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. Criteo has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Activity at Criteo

In other 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 transaction of $64,939.70. Following the completion of the transaction, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.66% of the company's stock.

About Criteo

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.