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

Barometer Capital Management Inc. raised its stake in Criteo S.A. (NASDAQ:CRTO) by 2,730.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 137,800 shares of the information services provider’s stock after buying an additional 132,932 shares during the period. Barometer Capital Management Inc.’s holdings in Criteo were worth $2,840,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Criteo in the second quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its position in 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 purchasing an additional 1,184 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after buying an additional 1,222 shares during the period. Global Retirement Partners LLC grew its position in shares of Criteo by 808.4% during the 4th quarter. Global Retirement Partners LLC now owns 7,331 shares of the information services provider’s stock worth $151,000 after buying an additional 6,524 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Criteo by 13.4% during the third quarter. Assetmark Inc. now owns 8,294 shares of the information services provider’s stock valued at $187,000 after buying an additional 977 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Down 1.2%

NASDAQ CRTO opened at $17.41 on Friday. Criteo S.A. has a 52 week low of $15.57 and a 52 week 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. The firm has a market cap of $868.06 million, a PE ratio of 8.14 and a beta of 0.32.

Criteo (NASDAQ:CRTO) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. The company 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 research analysts anticipate that Criteo S.A. will post 3.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. BMO Capital Markets reissued an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a research note on Thursday, February 12th. Sanford C. Bernstein set a $43.00 target price on Criteo in a report on Thursday, February 12th. Finally, Wall Street Zen downgraded Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.94.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 2,465 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly owned 431,879 shares in the company, valued at $7,367,855.74. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 currently owned by company insiders.

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.