Vident Advisory LLC Boosts Stock Position in 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 raised its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 176.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,052 shares of the information services provider's stock after acquiring an additional 15,984 shares during the period. Vident Advisory LLC's holdings in Criteo were worth $887,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CRTO. Clough Capital Partners L P acquired a new stake in shares of Criteo in the 1st quarter worth $12,708,000. State of Wyoming boosted its position in Criteo by 23.7% in the 1st quarter. State of Wyoming now owns 21,651 shares of the information services provider's stock valued at $767,000 after buying an additional 4,142 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Criteo during the 1st quarter worth about $460,000. CW Advisors LLC increased its holdings in Criteo by 38.6% during the 1st quarter. CW Advisors LLC now owns 180,976 shares of the information services provider's stock worth $6,408,000 after purchasing an additional 50,378 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Criteo in the 1st quarter valued at about $254,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Criteo

In related 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 completion of the sale, the insider owned 152,122 shares in the company, valued at $3,475,987.70. This represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is owned by insiders.

Criteo Stock Performance

Shares of CRTO stock traded down $0.49 during mid-day trading on Wednesday, hitting $22.64. 397,321 shares of the stock were exchanged, compared to its average volume of 268,212. The stock's fifty day simple moving average is $23.77 and its two-hundred day simple moving average is $28.15. Criteo S.A. has a 12-month low of $22.43 and a 12-month high of $47.26. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.47 and a beta of 0.47.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $292.00 million during the quarter, compared to analysts' expectations of $274.62 million. During the same period in the prior year, the firm earned $1.08 EPS. The business's revenue was up 2.5% on a year-over-year basis. Criteo has set its Q3 2025 guidance at EPS. On average, research analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRTO. Stifel Nicolaus lowered their price objective on Criteo from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Benchmark lowered their price target on shares of Criteo from $46.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Wells Fargo & Company reduced their price objective on shares of Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, July 29th. DA Davidson decreased their price objective on shares of Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, BMO Capital Markets increased their target price on Criteo from $49.00 to $51.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.00.

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.