Criteo S.A. (NASDAQ:CRTO) Receives $28.39 Consensus PT from Brokerages

Criteo S.A. (NASDAQ:CRTO) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $28.3889.

Several research firms recently commented on CRTO. BMO Capital Markets reiterated an “outperform” rating and issued a $35.00 price target on shares of Criteo in a research note on Thursday, February 12th. Wall Street Zen downgraded Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Wells Fargo & Company reiterated an “equal weight” rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Finally, Susquehanna set a $18.00 price target on shares of Criteo in a research report on Thursday, February 12th.

Insider Buying and Selling

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $17.81 per share, with a total value of $89,050.00. Following the acquisition, 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. 1.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Criteo

Several large investors have recently modified their holdings of CRTO. Rockefeller Capital Management L.P. grew its stake in Criteo by 185.8% in the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Criteo during the second quarter valued at approximately $30,000. Covestor Ltd lifted its holdings in Criteo by 125.2% during the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock worth $40,000 after buying an additional 980 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of 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 worth $45,000 after acquiring an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC grew its position 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 acquiring an additional 1,222 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Trading Down 2.3%

CRTO opened at $16.11 on Friday. Criteo has a twelve month low of $15.57 and a twelve month high of $30.64. The firm has a market cap of $803.24 million, a price-to-earnings ratio of 7.53 and a beta of 0.34. The company has a fifty day simple moving average of $18.33 and a 200 day simple moving average of $19.43.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data 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, analysts forecast that Criteo will post 3.14 earnings per share for the current fiscal year.

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.