Analysts Set Criteo S.A. (NASDAQ:CRTO) Target Price at $22.65

Criteo S.A. (NASDAQ:CRTO) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.65.

CRTO has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $24.00 target price on shares of Criteo in a research report on Tuesday, July 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a report on Friday, July 17th. Sanford C. Bernstein lowered shares of Criteo from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $35.00 to $20.50 in a research report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Criteo in a report on Friday, August 14th. Finally, Benchmark cut their price objective on shares of Criteo from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th.

Criteo Trading Down 1.3%

NASDAQ:CRTO opened at $17.09 on Friday. The stock has a 50 day moving average of $19.38 and a 200-day moving average of $18.54. The firm has a market capitalization of $837.41 million, a PE ratio of 8.68 and a beta of 0.27. Criteo has a 52 week low of $15.57 and a 52 week high of $25.29.

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

Insider Buying and Selling at Criteo

In other news, CFO Sarah Glickman sold 6,285 shares of Criteo 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 $108,290.55. Following the sale, the chief financial officer owned 424,612 shares of the company’s stock, valued at approximately $7,316,064.76. The trade was a 1.46% decrease in their ownership of the stock. The transaction 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. Also, CEO Michael Komasinski sold 1,656 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $17.28, for a total value of $28,615.68. Following the transaction, the chief executive officer owned 343,891 shares of the company’s stock, valued at approximately $5,942,436.48. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 30,725 shares of company stock worth $529,527. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Senvest Management LLC increased its stake in 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 buying an additional 200,000 shares during the period. DNB Asset Management AS boosted its holdings in shares of Criteo by 2.9% in the fourth quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock valued at $87,761,000 after acquiring an additional 121,477 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Criteo by 4.6% during the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after acquiring an additional 77,145 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Criteo by 10.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock valued at $17,484,000 after acquiring an additional 94,389 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Criteo by 47.2% during the first quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock valued at $4,411,000 after acquiring an additional 78,834 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Company Profile

Criteo SA is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and agencies engage consumers throughout the shopping journey by using data, artificial intelligence and machine learning to deliver personalized advertising and commerce experiences.

Its offerings include retail media solutions that allow retailers and marketplaces to monetize digital audiences, as well as advertising tools that help brands reach potential customers across websites, mobile applications and other digital channels.