Div Capital Phoenix Assets Ltd Takes $2.29 Million Position in Criteo S.A. $CRTO

Div Capital Phoenix Assets Ltd purchased a new stake in shares of Criteo S.A. (NASDAQ:CRTO) during the fourth quarter, Holdings Channel reports. The fund purchased 111,000 shares of the information services provider’s stock, valued at approximately $2,288,000. Criteo accounts for approximately 0.6% of Div Capital Phoenix Assets Ltd’s investment portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. King Luther Capital Management Corp bought a new position in shares of Criteo during the 3rd quarter valued at $2,373,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Criteo by 130.8% during the 4th 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 purchasing an additional 281,699 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Criteo by 81.4% during the 4th quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock valued at $2,868,000 after purchasing an additional 63,611 shares in the last quarter. VELA Investment Management LLC raised its holdings in shares of Criteo by 28.2% during the 4th quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock valued at $11,364,000 after purchasing an additional 121,242 shares in the last quarter. Finally, Cannell Capital LLC bought a new position in shares of Criteo during the 3rd quarter valued at $7,425,000. Institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CRTO shares. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a report on Monday, April 20th. Stifel Nicolaus cut their price target on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. BMO Capital Markets restated an “outperform” rating and set a $35.00 price target on shares of Criteo in a report on Thursday, February 12th. DA Davidson set a $28.50 price target on shares of Criteo in a report on Thursday, February 12th. Finally, Citigroup dropped their target price on shares of Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Criteo has an average rating of “Hold” and a consensus target price of $27.94.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 2,465 shares of Criteo 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 transaction, the chief financial officer owned 431,879 shares in the company, 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 SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is owned by company insiders.

Criteo Price Performance

Shares of CRTO opened at $17.41 on Friday. The company has a market capitalization of $868.06 million, a PE ratio of 8.14 and a beta of 0.32. Criteo S.A. has a one year low of $15.57 and a one year high of $26.52. The company’s fifty day moving average price is $17.95 and its 200 day moving average price is $18.78.

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

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.