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

Div Capital Phoenix Assets Ltd acquired a new stake in Criteo S.A. (NASDAQ:CRTO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 111,000 shares of the information services provider’s stock, valued at approximately $2,288,000. Criteo makes up about 0.6% of Div Capital Phoenix Assets Ltd’s portfolio, making the stock its 9th largest position. Div Capital Phoenix Assets Ltd owned approximately 0.22% of Criteo at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRTO. Raymond James Financial Inc. acquired a new stake in Criteo during the second quarter valued at approximately $30,000. Jones Financial Companies Lllp lifted its stake in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares during the last quarter. Parallel Advisors LLC lifted its stake in Criteo by 142.3% during 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 during the last quarter. Global Retirement Partners LLC lifted its stake in Criteo by 808.4% during the fourth quarter. Global Retirement Partners LLC now owns 7,331 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 6,524 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Criteo by 7.6% during the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 629 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 431,879 shares in the company, valued at $7,367,855.74. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is currently owned by insiders.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $17.41 on Friday. The company 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 52 week low of $15.57 and a 52 week high of $26.52. The firm has a 50 day simple moving average of $17.95 and a 200 day simple moving average of $18.78.

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

Analyst Upgrades and Downgrades

CRTO has been the subject of several recent research reports. Benchmark cut their target price on shares of Criteo from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating and set a $35.00 target price on shares of Criteo in a research note on Thursday, February 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Sanford C. Bernstein set a $43.00 target price on shares of Criteo in a research note on Thursday, February 12th. Finally, DA Davidson set a $28.50 target price on shares of Criteo in a research note on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Criteo currently has a consensus rating of “Hold” and an average target price of $27.94.

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.