Vident Advisory LLC Acquires 15,984 Shares of Criteo S.A. $CRTO

Key Points

• Vident Advisory LLC increased its holdings in Criteo S.A. by 176.3%, acquiring an additional 15,984 shares, bringing its total to 25,052 shares worth approximately $887,000.
• Several institutional investors have also raised their stakes in Criteo, with notable increases from Neuberger Berman Group LLC and ANTIPODES PARTNERS Ltd.
• Analysts have varied price targets for Criteo, with Wells Fargo reducing its target from $54.00 to $40.00, while BMO Capital Markets increased its target from $49.00 to $51.00, indicating mixed sentiment among investors.

Vident Advisory LLC lifted its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 176.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,052 shares of the information services provider's stock after purchasing an additional 15,984 shares during the quarter. Vident Advisory LLC's holdings in Criteo were worth $887,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Neuberger Berman Group LLC lifted its position in shares of Criteo by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 6,123,000 shares of the information services provider's stock worth $216,982,000 after purchasing an additional 47,005 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Criteo by 45.9% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,451,188 shares of the information services provider's stock worth $51,391,000 after purchasing an additional 456,633 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Criteo by 2.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,413,620 shares of the information services provider's stock worth $55,909,000 after purchasing an additional 27,258 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Criteo by 25.4% in the first quarter. Congress Asset Management Co. now owns 1,410,564 shares of the information services provider's stock worth $49,948,000 after purchasing an additional 285,285 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Criteo by 102.7% in the fourth quarter. Two Sigma Advisers LP now owns 564,000 shares of the information services provider's stock worth $22,312,000 after purchasing an additional 285,800 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 2,842 shares of the company's stock in a transaction 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 transaction, the insider directly owned 152,122 shares in the company, valued at $3,475,987.70. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. 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. Benchmark dropped their price target on shares of Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Stifel Nicolaus dropped their price target on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. BMO Capital Markets upped their price target on shares of Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, DA Davidson dropped their price target on shares of Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.00.

Criteo Price Performance

NASDAQ:CRTO opened at $23.40 on Friday. Criteo S.A. has a one year low of $22.43 and a one year high of $47.26. The company has a market cap of $1.35 billion, a P/E ratio of 9.79 and a beta of 0.47. The firm's fifty day moving average price is $23.84 and its two-hundred day moving average price is $28.71.

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The information services provider reported $0.92 EPS 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. Criteo has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Criteo S.A. will post 3.09 earnings per share for the current 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.

Want to see what other hedge funds are holding CRTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Criteo S.A. (NASDAQ:CRTO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.