Barometer Capital Management Inc. Buys 132,932 Shares of Criteo S.A. $CRTO

Barometer Capital Management Inc. raised its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 2,730.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,800 shares of the information services provider’s stock after purchasing an additional 132,932 shares during the period. Barometer Capital Management Inc. owned 0.27% of Criteo worth $2,840,000 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 the company. Assetmark Inc. grew its holdings in Criteo by 7.6% during the 4th quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after buying an additional 629 shares in the last quarter. US Bancorp DE raised its holdings in shares of Criteo by 1.1% during the 3rd quarter. US Bancorp DE now owns 90,517 shares of the information services provider’s stock worth $2,046,000 after acquiring an additional 988 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Criteo by 7.2% during the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after acquiring an additional 1,094 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 1,184 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Criteo by 142.3% in the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the completion of the sale, the chief financial officer directly owned 431,879 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRTO shares. DA Davidson set a $28.50 price target on shares of Criteo in a research note on Thursday, February 12th. Citigroup reduced 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. Sanford C. Bernstein set a $43.00 price target on shares of Criteo in a report on Thursday, February 12th. Morgan Stanley reduced their price objective on Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 13th. Finally, Susquehanna set a $18.00 price objective on Criteo in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.94.

Criteo Trading Down 1.2%

CRTO stock opened at $17.41 on Friday. The stock has a market cap of $868.06 million, a PE ratio of 8.14 and a beta of 0.32. Criteo S.A. has a 12 month low of $15.57 and a 12 month high of $26.52. The company has a 50-day moving average price of $17.95 and a 200 day moving average price of $18.78.

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