DA Davidson Reiterates Buy Rating for Criteo (NASDAQ:CRTO)

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They presently have a $24.00 price target on the information services provider’s stock. DA Davidson’s price objective indicates a potential upside of 4.07% from the company’s previous close.

Several other research firms have also recently weighed in on CRTO. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of Criteo in a research report on Tuesday. Morgan Stanley cut their target price on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 13th. Benchmark reduced their price target on shares of Criteo from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Wells Fargo & Company restated 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. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Criteo has a consensus rating of “Hold” and an average target price of $27.44.

Criteo Price Performance

Shares of NASDAQ CRTO traded down $0.11 during trading hours on Tuesday, hitting $23.06. 288,617 shares of the company’s stock were exchanged, compared to its average volume of 442,978. The company’s 50-day moving average price is $17.75 and its 200-day moving average price is $18.54. Criteo has a 1-year low of $15.57 and a 1-year high of $26.52. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.83 and a beta of 0.30.

Criteo (NASDAQ:CRTO) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $424.64 million for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. On average, research analysts expect that Criteo will post 3.12 earnings per share for the current year.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total value of $42,052.90. Following the completion of the transaction, the chief financial officer directly owned 431,879 shares in the company, valued at approximately $7,367,855.74. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several institutional investors and hedge funds have recently bought and sold shares of CRTO. Morgan Stanley raised its stake in shares of Criteo by 21.6% in the 4th quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock valued at $97,357,000 after buying an additional 838,523 shares in the last quarter. Millennium Management LLC boosted its position in shares of Criteo by 226.7% during the 3rd quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider’s stock valued at $24,803,000 after acquiring an additional 761,565 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Criteo during the 3rd quarter valued at about $11,926,000. Nierenberg Investment Management Company LLC increased its stake in Criteo by 109.2% in the fourth quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider’s stock valued at $18,320,000 after acquiring an additional 463,929 shares during the period. Finally, Pillsbury Lake Capital LLC acquired a new position in Criteo in the fourth quarter worth about $9,486,000. Institutional investors own 94.27% of the company’s stock.

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.