Northwestern Mutual Wealth Management Co. Buys 73,098 Shares of Criteo S.A. $CRTO

Northwestern Mutual Wealth Management Co. grew its stake in Criteo S.A. (NASDAQ:CRTO) by 83,065.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 73,186 shares of the information services provider’s stock after purchasing an additional 73,098 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Criteo were worth $1,508,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ballast Asset Management LP bought a new position in Criteo in the 3rd quarter worth about $4,245,000. King Luther Capital Management Corp bought a new position in Criteo in the 3rd quarter worth about $2,373,000. Robeco Institutional Asset Management B.V. grew its stake in Criteo by 130.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider’s stock worth $10,243,000 after acquiring an additional 281,699 shares in the last quarter. Waterfront Wealth Inc. grew 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 acquiring an additional 63,611 shares in the last quarter. Finally, VELA Investment Management LLC grew its stake in Criteo by 28.2% in the 4th quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock worth $11,364,000 after acquiring an additional 121,242 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRTO has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. DA Davidson set a $28.50 target price on shares of Criteo in a research note on Thursday, February 12th. Morgan Stanley dropped their target price on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 13th. Wells Fargo & Company restated an “equal weight” rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Finally, Benchmark dropped their target price on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.94.

Insiders Place Their Bets

In other news, Director Der Kooi Frederik Van bought 5,000 shares of the stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the purchase, the director directly owned 26,600 shares in the company, valued at approximately $473,746. The trade was a 23.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is currently owned by company insiders.

Criteo Stock Up 4.9%

Shares of CRTO opened at $17.87 on Thursday. The company has a market cap of $891.00 million, a price-to-earnings ratio of 8.35 and a beta of 0.34. Criteo S.A. has a twelve month low of $15.57 and a twelve month high of $27.32. The company has a 50 day moving average of $17.90 and a two-hundred day moving average of $19.02.

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, sell-side analysts expect that Criteo S.A. will post 3.12 EPS for the current year.

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.