Kovitz Investment Group Partners LLC Purchases 20,557 Shares of Criteo S.A. $CRTO

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Criteo S.A. by 376% to 26,025 shares, valued at approximately $922,000.
• Criteo reported earnings of $0.92 EPS for the last quarter, exceeding analyst expectations, with revenues of $292 million compared to estimates of $274.62 million.
• Currently, 94.27% of Criteo's stock is owned by institutional investors, highlighting strong institutional interest in the company.

Kovitz Investment Group Partners LLC grew its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 376.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,025 shares of the information services provider's stock after buying an additional 20,557 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Criteo were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CRTO. Vega Investment Solutions acquired a new stake in Criteo in the 4th quarter worth approximately $41,000. TD Private Client Wealth LLC lifted its holdings in 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 purchasing an additional 426 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after purchasing an additional 1,455 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Criteo in the 4th quarter worth approximately $210,000. Finally, Blueshift Asset Management LLC acquired a new stake in Criteo in the 1st quarter worth approximately $232,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CRTO shares. Benchmark reduced their target price on Criteo from $46.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Morgan Stanley reduced their target price on Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. DA Davidson reduced their target price on Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Wells Fargo & Company reduced their target price on Criteo from $54.00 to $40.00 and set an "overweight" rating for the company in a report on Tuesday, July 29th. Finally, Susquehanna reduced their target price on Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.00.

Criteo Stock Up 1.2%

Shares of CRTO stock traded up $0.28 during trading hours on Friday, reaching $24.19. 238,114 shares of the company's stock were exchanged, compared to its average volume of 497,281. Criteo S.A. has a fifty-two week low of $22.43 and a fifty-two week high of $49.93. The stock has a market capitalization of $1.40 billion, a P/E ratio of 10.12 and a beta of 0.43. The business has a fifty day moving average price of $23.79 and a 200-day moving average price of $29.87.

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

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 1,263 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the sale, the insider directly owned 130,739 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 5,625 shares of company stock worth $137,632 over the last three months. 1.66% of the stock is currently owned by insiders.

Criteo 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.