Analysts Set Criteo S.A. (NASDAQ:CRTO) Target Price at $27.70

Criteo S.A. (NASDAQ:CRTO) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.70.

Several research firms have recently weighed in on CRTO. Stifel Nicolaus reduced their price objective on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Friday, July 17th. DA Davidson reaffirmed a “buy” rating and set a $24.00 price target on shares of Criteo in a research note on Tuesday, July 7th. Finally, Benchmark lowered their price objective on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 7th.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $20.44 on Thursday. The company has a 50 day moving average price of $19.07 and a two-hundred day moving average price of $18.76. The company has a market capitalization of $1.03 billion, a PE ratio of 9.55 and a beta of 0.30. Criteo has a 52 week low of $15.57 and a 52 week high of $26.52.

Criteo (NASDAQ:CRTO) last announced its 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 for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. On average, sell-side analysts forecast that Criteo will post 3.21 earnings per share for the current year.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the sale, the chief financial officer owned 431,879 shares in the company, valued at approximately $7,367,855.74. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its holdings in Criteo by 21.6% in the 4th quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock valued at $97,357,000 after acquiring an additional 838,523 shares during the period. Senvest Management LLC lifted its position in shares of Criteo by 4.5% during the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after acquiring an additional 200,000 shares during the period. Alliancebernstein L.P. grew 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 in the last quarter. DNB Asset Management AS lifted its stake in Criteo by 2.9% during the fourth quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock worth $87,761,000 after purchasing an additional 121,477 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Criteo by 4.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after purchasing an additional 77,145 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

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.