Waterfront Wealth Inc. Purchases 67,157 Shares of Criteo S.A. $CRTO

Waterfront Wealth Inc. grew its position in shares of Criteo S.A. (NASDAQ:CRTO) by 47.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,923 shares of the information services provider’s stock after purchasing an additional 67,157 shares during the period. Waterfront Wealth Inc.’s holdings in Criteo were worth $3,746,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRTO. Morgan Stanley raised its position in shares of Criteo by 21.6% in the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after buying an additional 838,523 shares in the last quarter. Millennium Management LLC increased its stake in Criteo by 226.7% in the 3rd quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider’s stock worth $24,803,000 after acquiring an additional 761,565 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Criteo in the 3rd quarter valued at about $11,926,000. Nierenberg Investment Management Company LLC raised its holdings in shares of Criteo by 109.2% in the 4th quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider’s stock valued at $18,320,000 after acquiring an additional 463,929 shares in the last quarter. Finally, Pillsbury Lake Capital LLC bought a new stake in shares of Criteo during the 4th quarter valued at about $9,486,000. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Up 1.4%

Shares of NASDAQ:CRTO opened at $23.14 on Friday. The stock has a market cap of $1.16 billion, a PE ratio of 10.81 and a beta of 0.30. The company’s fifty day moving average is $17.98 and its 200 day moving average is $18.61. Criteo S.A. has a 52 week low of $15.57 and a 52 week high of $26.52.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (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 during the quarter. Sell-side analysts anticipate that Criteo S.A. will post 3.12 EPS for the current year.

Analyst Upgrades and Downgrades

CRTO has been the subject of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Criteo in a report on Tuesday. Morgan Stanley dropped their target price on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Benchmark decreased their price target on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. DA Davidson restated a “buy” rating and set a $24.00 price objective on shares of Criteo in a research report on Tuesday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 price objective (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.44.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total value of $42,052.90. Following the sale, the chief financial officer owned 431,879 shares of the company’s stock, valued at $7,367,855.74. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is owned by insiders.

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.