Criteo S.A. $CRTO is VELA Investment Management LLC’s 4th Largest Position

VELA Investment Management LLC boosted its position in shares of Criteo S.A. (NASDAQ:CRTO) by 28.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 551,407 shares of the information services provider’s stock after buying an additional 121,242 shares during the quarter. Criteo accounts for 2.7% of VELA Investment Management LLC’s investment portfolio, making the stock its 4th largest holding. VELA Investment Management LLC’s holdings in Criteo were worth $11,364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Group AG boosted its stake in Criteo by 216.5% during the fourth quarter. UBS Group AG now owns 241,538 shares of the information services provider’s stock worth $4,978,000 after buying an additional 165,214 shares during the period. Waterfront Wealth Inc. boosted its stake in shares of Criteo by 81.4% during the fourth quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock valued at $2,868,000 after purchasing an additional 63,611 shares during the period. Assetmark Inc. boosted its stake in shares of 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 period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Criteo by 130.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider’s stock valued at $10,243,000 after purchasing an additional 281,699 shares during the period. Finally, Verition Fund Management LLC boosted its stake in shares of Criteo by 327.5% during the third quarter. Verition Fund Management LLC now owns 77,182 shares of the information services provider’s stock valued at $1,744,000 after purchasing an additional 59,129 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Price Performance

CRTO stock opened at $19.58 on Friday. The business has a 50-day moving average price of $18.38 and a 200 day moving average price of $19.55. The company has a market capitalization of $976.26 million, a P/E ratio of 7.39 and a beta of 0.34. Criteo S.A. has a 1-year low of $16.15 and a 1-year high of $30.64.

Wall Street Analyst Weigh In

CRTO has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Criteo from $34.00 to $26.00 and set a “buy” rating for the company 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. 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. Wall Street Zen lowered shares of Criteo from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Morgan Stanley set a $33.00 target price on shares of Criteo in a research note on Thursday, February 12th. Six 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’s stock. Based on data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and an average target price of $30.35.

Insider Buying and Selling at Criteo

In other news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the acquisition, the director directly owned 26,600 shares of the company’s stock, valued at $473,746. The trade was a 23.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.66% of the stock is owned by insiders.

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.