Northwestern Mutual Wealth Management Co. Buys 73,098 Shares of Criteo S.A. $CRTO

Northwestern Mutual Wealth Management Co. raised its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 83,065.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,186 shares of the information services provider’s stock after purchasing an additional 73,098 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.14% of Criteo worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CRTO. Ballast Asset Management LP purchased a new position in Criteo in the third quarter worth about $4,245,000. King Luther Capital Management Corp purchased a new position in Criteo in the third quarter worth about $2,373,000. Waterfront Wealth Inc. grew its position in Criteo by 81.4% in the fourth quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock worth $2,868,000 after acquiring an additional 63,611 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in 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 worth $10,243,000 after acquiring an additional 281,699 shares in the last quarter. Finally, VELA Investment Management LLC grew its position in Criteo by 28.2% in the fourth quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock worth $11,364,000 after acquiring an additional 121,242 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CRTO. Wall Street Zen lowered Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. 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. Morgan Stanley dropped their price target on Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Citigroup dropped 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, Susquehanna set a $18.00 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.94.

Insider Activity at Criteo

In other Criteo news, Director Der Kooi Frederik Van bought 5,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $17.81 per share, with a total value of $89,050.00. Following the completion of the purchase, the director owned 26,600 shares in the company, valued at $473,746. This represents a 23.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.52% of the company’s stock.

Criteo Stock Performance

CRTO opened at $17.87 on Thursday. The stock has a market cap of $891.00 million, a price-to-earnings ratio of 8.35 and a beta of 0.34. The stock’s 50 day moving average price is $17.90 and its 200-day moving average price is $19.02. Criteo S.A. has a one year low of $15.57 and a one year high of $27.32.

Criteo (NASDAQ:CRTO) last released 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 return on equity of 14.98% and a net margin of 6.06%. As a group, analysts predict that Criteo S.A. will post 3.12 earnings per share for the current fiscal year.

About Criteo

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.