UBS Group AG Has $4.98 Million Holdings in Criteo S.A. $CRTO

UBS Group AG raised its position in Criteo S.A. (NASDAQ:CRTO) by 216.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 241,538 shares of the information services provider’s stock after acquiring an additional 165,214 shares during the period. UBS Group AG owned approximately 0.47% of Criteo worth $4,978,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Criteo in the second quarter valued at approximately $30,000. Covestor Ltd grew its stake in Criteo by 125.2% in the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 980 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 valued at $45,000 after purchasing an additional 1,184 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Criteo by 142.3% in the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Criteo by 7.6% in the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 629 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 research firms have recently weighed in on CRTO. Wells Fargo & Company restated an “equal weight” rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Susquehanna set a $18.00 target price on Criteo in a report on Thursday, February 12th. Morgan Stanley dropped their target price on Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a report on Monday, April 20th. Finally, DA Davidson set a $28.50 target price on Criteo in a report on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.94.

Criteo Trading Down 0.4%

Shares of Criteo stock opened at $17.17 on Friday. The business’s fifty day simple moving average is $17.95 and its 200 day simple moving average is $19.16. The firm has a market capitalization of $856.10 million, a P/E ratio of 8.02 and a beta of 0.34. Criteo S.A. has a 12 month low of $15.57 and a 12 month high of $27.49.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. The business had revenue of $424.64 million for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. Analysts predict that Criteo S.A. will post 3.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Criteo news, Director Der Kooi Frederik Van purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the acquisition, the director owned 26,600 shares of the company’s stock, valued at $473,746. The trade was a 23.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.52% of the company’s stock.

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.