Criteo S.A. $CRTO Shares Purchased by DNB Asset Management AS

DNB Asset Management AS increased its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 2.9% during the 4th quarter, Holdings Channel.com reports. 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 0.08% of Criteo worth $87,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRTO. Raymond James Financial Inc. acquired a new stake in Criteo during the second quarter worth about $30,000. Covestor Ltd raised its stake in Criteo by 125.2% during the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock worth $40,000 after acquiring an additional 980 shares during the period. Jones Financial Companies Lllp raised its stake in Criteo by 1,376.7% during 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 during the period. Parallel Advisors LLC raised its stake in Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after acquiring an additional 1,222 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in Criteo by 21.2% during the third quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock worth $66,000 after acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Activity at Criteo

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired 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 of the company’s stock, valued at $473,746. The trade was a 23.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.66% of the stock is owned by corporate insiders.

Criteo Trading Up 0.4%

Shares of NASDAQ:CRTO opened at $16.06 on Friday. Criteo S.A. has a 52 week low of $15.57 and a 52 week high of $29.00. The firm has a market capitalization of $800.75 million, a P/E ratio of 7.50 and a beta of 0.34. The firm’s 50 day moving average is $18.13 and its two-hundred day moving average is $19.31.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data 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. Analysts predict that Criteo S.A. will post 3.14 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Benchmark dropped their price target on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. DA Davidson set a $28.50 price target on shares of Criteo in a research note on Thursday, February 12th. Stifel Nicolaus dropped their price target on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Finally, Sanford C. Bernstein set a $43.00 price target on shares of Criteo in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Criteo has a consensus rating of “Hold” and an average target price of $27.94.

Criteo Profile

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.