Criteo S.A. (NASDAQ:CRTO) Given Average Rating of “Hold” by Brokerages

Criteo S.A. (NASDAQ:CRTO) has received an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.65.

A number of equities research analysts have commented on CRTO shares. Wedbush decreased their price target on Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets set a $20.00 price target on Criteo in a research note on Thursday, August 6th. Citigroup restated a “buy” rating on shares of Criteo in a report on Friday, August 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 price objective (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Finally, Morgan Stanley lowered their target price on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 6,285 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $108,290.55. Following the transaction, the chief financial officer directly owned 424,612 shares of the company’s stock, valued at $7,316,064.76. This represents a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $268,081.57. Following the completion of the transaction, the chief executive officer owned 345,547 shares of the company’s stock, valued at $5,953,774.81. This trade represents a 4.31% decrease in their position. 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 ninety days, insiders sold 30,487 shares of company stock worth $524,872. Company insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of Criteo by 21.6% in the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after purchasing an additional 838,523 shares during the last quarter. Senvest Management LLC increased its holdings in Criteo by 4.5% in the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock worth $82,430,000 after buying an additional 200,000 shares during the period. Alliancebernstein L.P. increased its holdings in Criteo by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after buying an additional 82,134 shares during the period. DNB Asset Management AS increased its holdings in Criteo by 2.9% in the 4th quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock worth $87,761,000 after buying an additional 121,477 shares during the period. Finally, Janus Henderson Group PLC raised its position in Criteo by 4.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock worth $31,774,000 after buying an additional 77,145 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Trading Down 0.3%

Shares of CRTO stock opened at $17.44 on Monday. Criteo has a 12-month low of $15.57 and a 12-month high of $25.29. The business’s fifty day simple moving average is $19.72 and its 200-day simple moving average is $18.62. The company has a market cap of $854.56 million, a PE ratio of 8.85 and a beta of 0.29.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share for the quarter, topping 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 analysts’ expectations of $263.40 million. During the same quarter last year, the firm earned $0.92 EPS. The business’s quarterly revenue was down 11.3% on a year-over-year basis. On average, equities analysts forecast that Criteo will post 2.94 earnings per share 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.