Criteo S.A. (NASDAQ:CRTO) Stock Has Consensus Target Price of $22.65 According to Analysts

Criteo S.A. (NASDAQ:CRTO) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.65.

CRTO has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of Criteo in a report on Friday, August 14th. Morgan Stanley lowered their price target on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. DA Davidson reiterated a “buy” rating and issued a $24.00 price objective on shares of Criteo in a report on Tuesday, July 7th. Wedbush decreased their price objective on shares of Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, Benchmark lowered their target price on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 6th.

Insider Transactions at Criteo

In related news, insider Ryan Damon sold 6,178 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $106,446.94. Following the sale, the insider directly owned 167,765 shares of the company’s stock, valued at $2,890,590.95. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 1,656 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $17.28, for a total transaction of $28,615.68. Following the transaction, the chief executive officer owned 343,891 shares in the company, valued at $5,942,436.48. This trade represents a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 30,725 shares of company stock valued at $529,527. 1.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently bought and sold shares of CRTO. WealthCollab LLC boosted its holdings in Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after purchasing an additional 817 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of Criteo by 185.8% during 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 during the period. Integrated Wealth Concepts LLC bought a new position in shares of Criteo in the 2nd quarter worth about $36,000. GAMMA Investing LLC lifted its position in shares of Criteo by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock worth $63,000 after buying an additional 1,314 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Criteo by 357.9% in the first quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock worth $74,000 after acquiring an additional 3,225 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Up 2.6%

CRTO stock opened at $15.29 on Tuesday. The company has a market cap of $749.21 million, a price-to-earnings ratio of 7.76 and a beta of 0.29. The business has a fifty day simple moving average of $17.28 and a 200-day simple moving average of $18.25. Criteo has a 52 week low of $14.28 and a 52 week high of $25.29.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. Criteo had a return on equity of 14.33% and a net margin of 5.60%.The firm had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. As a group, analysts expect that Criteo will post 2.58 earnings per share for the current fiscal year.

Criteo Company Profile

Criteo SA is a global commerce media company headquartered in Paris, France. The company provides technology that helps advertisers, retailers and publishers connect with consumers and measure the impact of digital marketing campaigns across the commerce journey.

Criteo’s platform supports retail media and performance marketing activities, including sponsored product placements, display and video advertising, audience activation, customer acquisition and campaign measurement. Its solutions are designed to use commerce data and artificial intelligence to help brands reach relevant audiences, while enabling retailers and publishers to generate advertising revenue.

Founded in 2005 by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli, Criteo serves clients across North America, Europe, Asia-Pacific and other international markets.