GSA Capital Partners LLP Boosts Stock Position in Criteo S.A. $CRTO

GSA Capital Partners LLP increased its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 469.5% in the fourth quarter, HoldingsChannel reports. The firm owned 112,123 shares of the information services provider’s stock after buying an additional 92,436 shares during the quarter. GSA Capital Partners LLP’s holdings in Criteo were worth $2,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballast Asset Management LP purchased a new stake in Criteo during the 3rd quarter worth about $4,245,000. VELA Investment Management LLC boosted its stake in Criteo by 22.2% in the 3rd quarter. VELA Investment Management LLC now owns 430,165 shares of the information services provider’s stock worth $9,722,000 after buying an additional 78,225 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in Criteo by 48.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 183,724 shares of the information services provider’s stock worth $4,152,000 after buying an additional 60,067 shares during the last quarter. King Luther Capital Management Corp acquired a new stake in Criteo in the 3rd quarter worth about $2,373,000. Finally, Waterfront Wealth Inc. boosted its stake in Criteo by 81.4% in the 4th quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock worth $2,868,000 after buying an additional 63,611 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRTO. DA Davidson set a $28.50 price target on Criteo in a research note on Thursday, February 12th. Morgan Stanley decreased their price target 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. Sanford C. Bernstein set a $43.00 price target on Criteo in a research note on Thursday, February 12th. Wall Street Zen lowered Criteo from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.94.

Criteo Price Performance

NASDAQ CRTO opened at $16.21 on Tuesday. The firm has a market capitalization of $808.23 million, a P/E ratio of 7.57 and a beta of 0.34. Criteo S.A. has a 1-year low of $15.57 and a 1-year high of $28.40. The business’s 50-day simple moving average is $18.07 and its 200-day simple moving average is $19.27.

Criteo (NASDAQ:CRTO) last announced its 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 for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. On average, equities research analysts expect that Criteo S.A. will post 3.12 EPS for the current fiscal year.

Insider Activity at Criteo

In related news, Director Der Kooi Frederik Van bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the acquisition, 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 filing with the SEC, which can be accessed through this link. Insiders own 1.52% of the company’s stock.

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.