Voya Investment Management LLC Reduces Stock Position in Criteo S.A. $CRTO

Key Points

• Voya Investment Management LLC reduced its holdings in Criteo S.A. by 8.8%, selling 269,175 shares, and currently owns approximately 4.83% of the company, valued at $99.03 million.
• Criteo reported $0.92 earnings per share (EPS) for the last quarter, beating analyst estimates, with revenue reaching $292 million, a year-over-year increase of 2.5%.
• Analyst price targets for Criteo have been adjusted downward, with current consensus rating as "Hold" and an average price target of $40.00.

Voya Investment Management LLC decreased its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,796,637 shares of the information services provider's stock after selling 269,175 shares during the period. Voya Investment Management LLC owned about 4.83% of Criteo worth $99,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp grew its stake in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after acquiring an additional 1,184 shares in the last quarter. DnB Asset Management AS grew its stake in shares of Criteo by 1.9% in the first quarter. DnB Asset Management AS now owns 5,511,195 shares of the information services provider's stock worth $195,372,000 after acquiring an additional 104,138 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Criteo by 14.0% in the first quarter. Alliancebernstein L.P. now owns 4,329,854 shares of the information services provider's stock worth $153,320,000 after acquiring an additional 532,879 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of Criteo by 17.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 68,165 shares of the information services provider's stock worth $2,414,000 after purchasing an additional 10,170 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Criteo by 245.3% during the first quarter. Cubist Systematic Strategies LLC now owns 100,404 shares of the information services provider's stock worth $3,555,000 after purchasing an additional 71,327 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 2,842 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $22.85, for a total transaction of $64,939.70. Following the completion of the transaction, the insider directly owned 152,122 shares of the company's stock, valued at $3,475,987.70. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.66% of the stock is owned by corporate insiders.

Criteo Price Performance

Shares of NASDAQ:CRTO traded up $0.61 on Tuesday, reaching $22.47. The company's stock had a trading volume of 279,766 shares, compared to its average volume of 432,905. The stock has a market capitalization of $1.30 billion, a P/E ratio of 9.40 and a beta of 0.47. Criteo S.A. has a 52-week low of $21.44 and a 52-week high of $47.26. The stock's 50-day moving average is $23.59 and its two-hundred day moving average is $27.62.

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

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.