Criteo S.A. (NASDAQ:CRTO) Stock Has Average Price Target of $22.35 According to Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have earned a consensus rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.35.

A number of equities research analysts have recently commented on CRTO shares. Wedbush lowered their price objective on Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Citigroup reiterated a “buy” rating on shares of Criteo in a research report on Friday, August 14th. Huber Research lowered Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th. 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, Sanford C. Bernstein cut Criteo from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $35.00 to $20.50 in a report on Thursday, August 6th.

Criteo Stock Up 2.2%

CRTO opened at $14.97 on Friday. The firm has a market cap of $733.53 million, a P/E ratio of 7.60 and a beta of 0.29. Criteo has a 52 week low of $13.95 and a 52 week high of $25.29. The business’s fifty day simple moving average is $16.09 and its 200 day simple moving average is $18.08.

Criteo (NASDAQ:CRTO) last released its 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 net margin of 5.60% and a return on equity of 14.33%. The company had revenue of $428.02 million for the quarter, compared to analyst estimates of $263.40 million. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. As a group, equities analysts expect that Criteo will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ryan Damon sold 6,178 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the transaction, the insider directly owned 167,765 shares of the company’s stock, valued at approximately $2,890,590.95. This trade represents a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Glickman sold 6,285 shares of Criteo stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $108,290.55. Following the completion of the transaction, the chief financial officer owned 424,612 shares in the company, valued at $7,316,064.76. The trade was a 1.46% decrease in their position. 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 three months, insiders have sold 30,877 shares of company stock valued at $531,717. Insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of large investors have recently modified their holdings of CRTO. Senvest Management LLC raised its stake in shares of Criteo by 4.5% in 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. Janus Henderson Group PLC boosted 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 purchasing an additional 77,145 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Criteo by 10.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock worth $17,484,000 after purchasing an additional 94,389 shares during the period. Sei Investments Co. increased its holdings in Criteo by 47.2% in the 1st quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock valued at $4,411,000 after purchasing an additional 78,834 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in Criteo by 47.4% in the first quarter. Waterfront Wealth Inc. now owns 208,923 shares of the information services provider’s stock valued at $3,746,000 after purchasing an additional 67,157 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Company Profile

Criteo SA (NASDAQ: CRTO) is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels.

Criteo’s offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.