Goldman Sachs Group Inc. Has $4.57 Million Stock Position in Criteo S.A. $CRTO

Key Points

• Goldman Sachs Group Inc. reduced its stake in Criteo S.A. by 48.5%, now holding approximately 128,921 shares valued at $4.57 million.
• Insiders, including Brian Gleason, have also engaged in selling shares, with Gleason selling 2,842 shares for nearly $65,000, resulting in a decrease of their ownership.
• Criteo's recent quarterly earnings exceeded expectations, reporting $0.92 EPS and revenue of $292 million, surpassing analyst estimates.

Goldman Sachs Group Inc. lessened its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 48.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 128,921 shares of the information services provider's stock after selling 121,336 shares during the quarter. Goldman Sachs Group Inc. owned 0.22% of Criteo worth $4,565,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRTO. Ameriprise Financial Inc. increased its stake in Criteo by 2.6% in the 4th quarter. Ameriprise Financial Inc. now owns 60,917 shares of the information services provider's stock valued at $2,410,000 after buying an additional 1,550 shares during the period. Bank of America Corp DE grew its stake in Criteo by 45.5% in the 4th quarter. Bank of America Corp DE now owns 127,509 shares of the information services provider's stock valued at $5,044,000 after buying an additional 39,862 shares during the last quarter. Deutsche Bank AG grew its stake in Criteo by 46.3% in the 4th quarter. Deutsche Bank AG now owns 48,072 shares of the information services provider's stock valued at $1,902,000 after buying an additional 15,203 shares during the last quarter. Millennium Management LLC grew its position in Criteo by 2.1% in the 4th quarter. Millennium Management LLC now owns 96,358 shares of the information services provider's stock worth $3,812,000 after purchasing an additional 1,983 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Criteo by 17.3% in the 4th quarter. Two Sigma Investments LP now owns 360,616 shares of the information services provider's stock worth $14,266,000 after purchasing an additional 53,230 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CRTO. DA Davidson reduced their price objective on shares of Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Benchmark dropped their target price on shares of Criteo from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Wells Fargo & Company decreased their price target on shares of 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 increased their price target 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. Finally, Stifel Nicolaus decreased their price target on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Five equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $40.00.

Criteo Price Performance

NASDAQ:CRTO traded down $0.15 on Friday, hitting $21.92. 761,317 shares of the company's stock were exchanged, compared to its average volume of 314,442. The firm has a 50-day moving average price of $23.42 and a 200-day moving average price of $27.34. The company has a market cap of $1.27 billion, a P/E ratio of 9.17 and a beta of 0.47. Criteo S.A. has a 52 week low of $21.44 and a 52 week high of $47.26.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results 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 net margin of 7.10% and a return on equity of 16.91%. The business had revenue of $292.00 million during the quarter, compared to the consensus estimate of $274.62 million. During the same quarter in the previous year, the firm posted $1.08 EPS. Criteo's revenue was up 2.5% compared to the same quarter last year. Criteo has set its Q3 2025 guidance at EPS. On average, research 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 business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $22.85, for a total value of $64,939.70. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.