Barometer Capital Management Inc. Has $805,000 Stake in Criteo S.A. $CRTO

Barometer Capital Management Inc. reduced its position in shares of Criteo S.A. (NASDAQ:CRTO) by 67.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 44,900 shares of the information services provider’s stock after selling 92,900 shares during the quarter. Barometer Capital Management Inc.’s holdings in Criteo were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRTO. Rockefeller Capital Management L.P. increased its stake in shares of Criteo by 185.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after purchasing an additional 940 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Criteo in the 2nd quarter valued at about $30,000. Jones Financial Companies Lllp lifted its stake in Criteo by 1,376.7% in 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 during the last quarter. Parallel Advisors LLC lifted its stake in Criteo by 142.3% in the 3rd 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. Finally, SG Americas Securities LLC bought a new position in Criteo during the first quarter worth about $135,000. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

Shares of CRTO opened at $21.57 on Wednesday. The firm has a market cap of $1.08 billion, a P/E ratio of 10.08 and a beta of 0.30. Criteo S.A. has a 52 week low of $15.57 and a 52 week high of $26.52. The firm’s 50-day simple moving average is $18.79 and its 200 day simple moving average is $18.74.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. The firm had revenue of $424.64 million during the quarter. As a group, equities analysts forecast that Criteo S.A. will post 3.21 earnings per share for the current year.

Insider Buying and Selling at Criteo

In other news, CFO Sarah Js Glickman sold 2,465 shares of the 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 transaction, the chief financial officer owned 431,879 shares in the company, valued at approximately $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

CRTO has been the topic of a number of recent analyst reports. Wedbush started coverage on Criteo in a research report on Thursday, July 16th. They set an “outperform” rating and a $30.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Criteo in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Friday. Wells Fargo & Company reissued an “equal weight” rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of Criteo in a report on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.70.

Criteo 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.