Criteo S.A. (NASDAQ:CRTO) Receives Consensus Recommendation of “Hold” from Analysts

Criteo S.A. (NASDAQ:CRTO) has received an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $22.65.

Several brokerages recently issued reports on CRTO. Wedbush lowered their target price on Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday. Sanford C. Bernstein downgraded Criteo from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $35.00 to $20.50 in a report on Thursday, August 6th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 price target (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. DA Davidson reissued a “buy” rating and issued a $24.00 price target on shares of Criteo in a research note on Tuesday, July 7th. Finally, Benchmark lowered their price objective on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 6,285 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total transaction of $108,290.55. Following the completion of the sale, the chief financial officer owned 424,612 shares of the company’s stock, valued at approximately $7,316,064.76. This represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 15,559 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $268,081.57. Following the transaction, the chief executive officer owned 345,547 shares of the company’s stock, valued at approximately $5,953,774.81. The trade was a 4.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 30,487 shares of company stock worth $524,872 over the last ninety days. Insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several institutional investors and hedge funds have recently made changes to their positions in CRTO. WealthCollab LLC lifted its stake in Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after buying an additional 817 shares during the period. Rockefeller Capital Management L.P. grew its position 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 buying an additional 940 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Criteo in the 2nd quarter valued at $30,000. Jones Financial Companies Lllp increased its stake 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 valued at $45,000 after acquiring an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake 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 valued at $47,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Price Performance

Criteo stock opened at $17.44 on Monday. The business has a 50 day moving average of $19.72 and a 200-day moving average of $18.61. Criteo has a 1 year low of $15.57 and a 1 year high of $25.29. The company has a market capitalization of $854.56 million, a P/E ratio of 8.85 and a beta of 0.29.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.09. The firm had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. Equities analysts anticipate that Criteo will post 2.94 EPS for the current 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.