Criteo S.A. $CRTO Holdings Reduced by VELA Investment Management LLC

VELA Investment Management LLC lowered its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 761,210 shares of the information services provider’s stock after selling 44,799 shares during the period. Criteo accounts for 3.0% of VELA Investment Management LLC’s investment portfolio, making the stock its 2nd largest position. VELA Investment Management LLC’s holdings in Criteo were worth $13,915,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CRTO. Morgan Stanley increased its stake in shares of Criteo by 21.6% in the 4th quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after acquiring an additional 838,523 shares during the last quarter. Senvest Management LLC boosted its position in shares of Criteo by 4.5% during the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after acquiring an additional 200,000 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Criteo by 1.9% during 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 acquiring an additional 82,134 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Criteo by 2.9% in the fourth quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock valued at $87,761,000 after purchasing an additional 121,477 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Criteo by 4.6% in the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after purchasing an additional 77,145 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Price Performance

Shares of CRTO stock opened at $17.62 on Monday. The firm has a market cap of $863.38 million, a PE ratio of 8.94 and a beta of 0.27. The company has a 50-day moving average of $19.74 and a two-hundred day moving average of $18.54. Criteo S.A. has a 1-year low of $15.57 and a 1-year high of $25.29.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $428.02 million for the quarter, compared to the consensus estimate of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The business’s revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Sell-side analysts anticipate that Criteo S.A. will post 2.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRTO has been the topic of a number of analyst reports. Huber Research downgraded shares of Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th. Zacks Research cut shares of Criteo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th. BMO Capital Markets set a $20.00 price target on shares of Criteo in a research note on Thursday, August 6th. DA Davidson restated a “buy” rating and set a $24.00 price target on shares of Criteo in a report on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.65.

Insider Buying and Selling

In other Criteo news, insider Ryan Damon sold 6,178 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the sale, the insider owned 167,765 shares of the company’s stock, valued at $2,890,590.95. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Glickman sold 6,285 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $108,290.55. Following the transaction, the chief financial officer owned 424,612 shares in the company, valued at $7,316,064.76. This trade represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 30,725 shares of company stock valued at $529,527. Company insiders own 1.52% of the company’s stock.

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.