UBS Group AG Purchases 165,214 Shares of Criteo S.A. $CRTO

UBS Group AG raised its position in Criteo S.A. (NASDAQ:CRTO) by 216.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,538 shares of the information services provider’s stock after buying an additional 165,214 shares during the quarter. UBS Group AG’s holdings in Criteo were worth $4,978,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CRTO. Neuberger Berman Group LLC raised its stake in shares of Criteo by 19.8% in the third quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock valued at $177,176,000 after buying an additional 1,297,980 shares during the period. Millennium Management LLC raised its stake in shares of Criteo by 226.7% in the third quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider’s stock valued at $24,803,000 after buying an additional 761,565 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Criteo in the third quarter valued at $11,926,000. Cannell Capital LLC bought a new stake in shares of Criteo in the third quarter valued at $7,425,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Criteo by 130.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider’s stock valued at $10,243,000 after buying an additional 281,699 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Criteo news, Director Der Kooi Frederik Van bought 5,000 shares of Criteo stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the transaction, the director directly owned 26,600 shares in the company, valued at $473,746. This represents 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 this link. 1.52% of the stock is currently owned by insiders.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $17.17 on Friday. The stock has a market cap of $856.10 million, a PE ratio of 8.02 and a beta of 0.34. Criteo S.A. has a fifty-two week low of $15.57 and a fifty-two week high of $27.49. The stock has a fifty day moving average of $17.95 and a 200-day moving average of $19.16.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%.The company had revenue of $424.64 million during the quarter. On average, sell-side analysts predict that Criteo S.A. will post 3.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CRTO shares. Stifel Nicolaus lowered their target price on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Sanford C. Bernstein set a $43.00 price target on Criteo in a research report on Thursday, February 12th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 price target (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Citigroup reduced their price target on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, DA Davidson set a $28.50 price target on Criteo in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Criteo currently has an average rating of “Hold” and an average price target of $27.94.

Criteo Company 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.