DNB Asset Management AS Boosts Stake in Criteo S.A. $CRTO

DNB Asset Management AS raised its position in Criteo S.A. (NASDAQ:CRTO) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,258,161 shares of the information services provider’s stock after buying an additional 121,477 shares during the period. DNB Asset Management AS owned approximately 8.32% of Criteo worth $87,761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRTO. Jones Financial Companies Lllp boosted its position in Criteo by 1,376.7% in the 1st 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. Invesco Ltd. boosted its position in Criteo by 7.2% in the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock valued at $391,000 after buying an additional 1,094 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Criteo by 145.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock valued at $10,372,000 after buying an additional 256,227 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Criteo by 41.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock valued at $206,000 after buying an additional 2,524 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Criteo by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after buying an additional 82,134 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRTO. Sanford C. Bernstein set a $43.00 price objective on shares of Criteo in a research report on Thursday, February 12th. BMO Capital Markets reissued an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a research report on Thursday, February 12th. Wall Street Zen cut shares of Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Finally, Benchmark reduced their price target on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Five 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, the company has a consensus rating of “Hold” and an average price target of $27.94.

Insider Activity at Criteo

In other Criteo news, Director Der Kooi Frederik Van acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the purchase, the director directly owned 26,600 shares in the company, valued at $473,746. The trade was a 23.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.66% of the company’s stock.

Criteo Stock Performance

Shares of CRTO stock opened at $16.06 on Friday. Criteo S.A. has a one year low of $15.57 and a one year high of $29.00. The company’s 50-day simple moving average is $18.13 and its 200-day simple moving average is $19.31. The stock has a market capitalization of $800.75 million, a price-to-earnings ratio of 7.50 and a beta of 0.34.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. The business had revenue of $424.64 million for the quarter. As a group, research analysts forecast that Criteo S.A. will post 3.14 EPS for the current year.

About Criteo

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.