VELA Investment Management LLC Grows Stock Position in Criteo S.A. $CRTO

Key Points

• VELA Investment Management LLC boosted its stake in Criteo by 28.2% in Q4 to 551,407 shares (about 1.08% of the company), making CRTO its fourth-largest holding at roughly $11.36 million and representing 2.7% of VELA's portfolio.
• CRTO trades near $19.58 with a 52-week range of $16.15–$30.64, a market cap of about $976M and a P/E of 7.39; analysts' consensus is a Moderate Buy with a $30.35 average target despite mixed recent revisions.
• An insider (Director Der Kooi Frederik Van) bought 5,000 shares at $17.81, increasing his stake to 26,600 shares, while insiders own 1.66% and institutional investors hold 94.27% of the stock.

VELA Investment Management LLC boosted its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 551,407 shares of the information services provider's stock after acquiring an additional 121,242 shares during the period. Criteo accounts for about 2.7% of VELA Investment Management LLC's investment portfolio, making the stock its 4th largest position. VELA Investment Management LLC owned about 1.08% of Criteo worth $11,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Criteo during the second quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its position in shares of Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after buying an additional 1,184 shares during the last quarter. Covestor Ltd raised its position in shares of Criteo by 125.2% during the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider's stock valued at $40,000 after buying an additional 980 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock valued at $47,000 after buying an additional 1,222 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Criteo by 21.2% during the third quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider's stock valued at $66,000 after buying an additional 511 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Criteo Stock Performance

CRTO stock opened at $19.58 on Friday. The firm has a fifty day moving average price of $18.38 and a 200 day moving average price of $19.55. Criteo S.A. has a fifty-two week low of $16.15 and a fifty-two week high of $30.64. The firm has a market cap of $976.26 million, a PE ratio of 7.39 and a beta of 0.34.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $33.00 price objective on shares of Criteo in a research report on Thursday, February 12th. Benchmark reduced their price objective on shares of Criteo from $38.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, February 10th. Wall Street Zen cut shares of Criteo from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Stifel Nicolaus reduced their price objective on shares of Criteo from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Monday, April 13th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Criteo in a research report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.35.

Insider Buying and Selling

In other news, Director Der Kooi Frederik Van acquired 5,000 shares of the company's stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $17.81 per share, with a total value of $89,050.00. Following the completion of the purchase, the director directly owned 26,600 shares of the company's stock, valued at $473,746. This represents a 23.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is owned by insiders.

Criteo Company Profile

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo's platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo's offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.

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