Kovitz Investment Group Partners LLC Acquires 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 boosted its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 376.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,025 shares of the information services provider's stock after buying an additional 20,557 shares during the period. Kovitz Investment Group Partners LLC's holdings in Criteo were worth $922,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CRTO. Neuberger Berman Group LLC lifted its stake in shares of Criteo by 0.8% in the 1st quarter. Neuberger Berman Group LLC now owns 6,123,000 shares of the information services provider's stock valued at $216,982,000 after purchasing an additional 47,005 shares during the period. Cadian Capital Management LP increased its holdings in Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock worth $102,236,000 after purchasing an additional 713,785 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in Criteo by 45.9% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,451,188 shares of the information services provider's stock valued at $51,391,000 after buying an additional 456,633 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Criteo by 2.0% during the 4th quarter. Janus Henderson Group PLC now owns 1,413,620 shares of the information services provider's stock worth $55,909,000 after buying an additional 27,258 shares in the last quarter. Finally, Congress Asset Management Co. grew its position in shares of Criteo by 25.4% during the 1st quarter. Congress Asset Management Co. now owns 1,410,564 shares of the information services provider's stock worth $49,948,000 after buying an additional 285,285 shares during the period. Institutional investors own 94.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRTO. Susquehanna lowered their price objective 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. Morgan Stanley dropped their price objective on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company cut their price objective 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 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. Finally, 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. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.00.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 1,520 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total transaction of $39,702.40. Following the transaction, the chief financial officer directly owned 361,190 shares in the company, valued at approximately $9,434,282.80. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan Damon sold 1,263 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the sale, the insider directly owned 130,739 shares of the company's stock, valued at $3,414,902.68. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,625 shares of company stock valued at $137,632 over the last ninety days. Corporate insiders own 1.66% of the company's stock.

Criteo Trading Down 1.6%

Shares of NASDAQ:CRTO traded down $0.38 during mid-day trading on Monday, hitting $23.81. 247,118 shares of the company traded hands, compared to its average volume of 495,724. The stock has a 50-day moving average price of $23.79 and a two-hundred day moving average price of $29.60. Criteo S.A. has a 12-month low of $22.43 and a 12-month high of $49.93. The stock has a market cap of $1.38 billion, a P/E ratio of 9.96 and a beta of 0.43.

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

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.