Senvest Management LLC Has $82.43 Million Holdings in Criteo S.A. $CRTO

Senvest Management LLC grew its holdings in Criteo S.A. (NASDAQ:CRTO) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,597,322 shares of the information services provider’s stock after acquiring an additional 200,000 shares during the quarter. Criteo accounts for 2.7% of Senvest Management LLC’s portfolio, making the stock its 12th largest holding. Senvest Management LLC owned approximately 0.09% of Criteo worth $82,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp increased its position in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the period. Invesco Ltd. boosted its holdings in Criteo by 7.2% in the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock valued at $391,000 after purchasing an additional 1,094 shares during the period. Qube Research & Technologies Ltd grew its position in Criteo by 145.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock worth $10,372,000 after purchasing an additional 256,227 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Criteo by 41.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock worth $206,000 after purchasing an additional 2,524 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Criteo by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after purchasing an additional 82,134 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Down 1.9%

NASDAQ CRTO opened at $20.44 on Friday. Criteo S.A. has a twelve month low of $15.57 and a twelve month high of $26.52. The stock has a market cap of $1.03 billion, a P/E ratio of 9.55 and a beta of 0.30. The company’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $18.76.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. The firm 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%. Research analysts anticipate that Criteo S.A. will post 3.21 earnings per share for the current year.

Insider Activity

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 value of $42,052.90. Following the completion of the transaction, the chief financial officer directly owned 431,879 shares of the company’s stock, valued at approximately $7,367,855.74. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRTO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Friday, July 17th. Morgan Stanley lowered 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 price target (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Citigroup reiterated a “buy” rating on shares of Criteo in a research report on Tuesday, July 7th. Finally, DA Davidson reissued a “buy” rating and set a $24.00 price objective on shares of Criteo in a report on Tuesday, July 7th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.70.

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.