Criteo S.A. $CRTO Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its holdings in Criteo S.A. by 8.9%, now holding 166,292 shares valued at about $5.89 million as of their latest SEC filing.
• Analyst opinions on Criteo's stock vary, with a recent average price target of $40.00, which reflects a mix of ratings including five "Buy," three "Hold," and one "Sell."
• Criteo reported a quarterly EPS of $0.92, exceeding analysts’ expectations, with revenue of $292 million, marking a 2.5% increase year-over-year.

HighTower Advisors LLC cut its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 166,292 shares of the information services provider's stock after selling 16,286 shares during the period. HighTower Advisors LLC owned about 0.31% of Criteo worth $5,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. TD Private Client Wealth LLC increased its holdings in shares of Criteo by 21.4% in the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock worth $85,000 after buying an additional 426 shares during the last quarter. Natixis Advisors LLC lifted its stake in Criteo by 5.9% in the first quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider's stock worth $427,000 after purchasing an additional 672 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Criteo by 17.5% during 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 buying an additional 971 shares during the period. Vega Investment Solutions purchased a new position in shares of Criteo during the fourth quarter valued at approximately $41,000. Finally, Wells Fargo & Company MN boosted its position in shares of Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after buying an additional 1,455 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Ryan Damon sold 1,263 shares of Criteo stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the sale, the insider owned 130,739 shares of the company's stock, valued at approximately $3,414,902.68. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sarah Js Glickman sold 1,520 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total value of $39,702.40. Following the sale, the chief financial officer owned 361,190 shares of the company's stock, valued at approximately $9,434,282.80. This represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,625 shares of company stock valued at $137,632. Corporate insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

CRTO has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Criteo from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. DA Davidson dropped their target price on Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Susquehanna dropped their target price on Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Wells Fargo & Company dropped their target price on Criteo from $54.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, July 29th. Five investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.00.

Criteo Trading Up 1.2%

Shares of Criteo stock traded up $0.28 on Friday, hitting $24.19. 238,114 shares of the company traded hands, compared to its average volume of 497,281. The stock's 50 day moving average price is $23.79 and its 200-day moving average price is $29.87. Criteo S.A. has a 52 week low of $22.43 and a 52 week high of $49.93. The company has a market cap of $1.40 billion, a PE ratio of 10.12 and a beta of 0.43.

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 for the quarter, beating 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 firm 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 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. Criteo has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current fiscal year.

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.