Wedbush Has Lowered Expectations for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO) had its target price dropped by equities researchers at Wedbush from $25.00 to $21.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the information services provider’s stock. Wedbush‘s price target would suggest a potential upside of 36.19% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Zacks Research upgraded Criteo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings lowered Criteo from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, October 21st. Citigroup restated a “buy” rating on shares of Criteo in a research note on Friday, August 14th. Benchmark dropped their price target on Criteo from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, BMO Capital Markets set a $20.00 price target on Criteo in a research note on Thursday, August 6th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.35.

Criteo Stock Performance

CRTO stock traded up $0.04 during mid-day trading on Thursday, hitting $15.42. The company had a trading volume of 439,859 shares, compared to its average volume of 322,518. The firm has a market cap of $755.58 million, a PE ratio of 11.17 and a beta of 0.35. Criteo has a 12 month low of $13.95 and a 12 month high of $25.29. The stock’s fifty day moving average price is $15.95 and its two-hundred day moving average price is $17.98.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, November 4th. The information services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company had revenue of $240.36 million for the quarter, compared to the consensus estimate of $239.18 million. During the same period in the prior year, the company earned $1.31 earnings per share. The firm’s revenue was down 16.7% on a year-over-year basis. Equities analysts anticipate that Criteo will post 2.58 earnings per share for the current year.

Insider Buying and Selling at Criteo

In related news, CEO Michael Komasinski sold 1,656 shares of the stock in a transaction 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 sale, the chief executive officer owned 343,891 shares in the company, valued at approximately $5,942,436.48. This trade represents a 0.48% decrease in their ownership of the stock. The sale 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. Insiders have sold a total of 2,855 shares of company stock valued at $48,898 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in CRTO. Senvest Management LLC grew its position in Criteo by 4.5% during the first 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Criteo by 10.7% in the 1st 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 in the last quarter. Sei Investments Co. raised its holdings in shares of 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 acquiring an additional 78,834 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of 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 valued at $31,774,000 after acquiring an additional 77,145 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its position in shares of Criteo by 47.4% during the 1st quarter. Waterfront Wealth Inc. now owns 208,923 shares of the information services provider’s stock valued at $3,746,000 after acquiring an additional 67,157 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Trending Headlines about Criteo

Here are the key news stories impacting Criteo this week:

• Positive Sentiment: Citigroup lowered its target to $21 from $23 but kept a Buy rating, implying substantial upside from the reference share price. Criteo price target at Citigroup
• Positive Sentiment: A Seeking Alpha analysis upgraded Criteo, citing a ramp in connected-TV advertising and stabilization in advertiser spending as reasons for renewed optimism. Criteo CTV and spending outlook
• Neutral Sentiment: Wedbush cut its target to $21 from $25 while maintaining an Outperform rating, combining a more cautious valuation with continued confidence in the shares. Criteo price target at Wedbush
• Neutral Sentiment: Criteo forecast fourth-quarter contribution excluding traffic acquisition costs of $292 million to $298 million and is targeting a U.S. redomiciliation effective January 1, 2027; the supplied report gives no comparison to prior expectations. Criteo Q4 forecast and redomiciliation
• Negative Sentiment: Wells Fargo lowered its target to $14 from $15 and kept an Equal Weight rating, signaling downside relative to the reference price. Criteo price target at Wells Fargo
• Negative Sentiment: Recent Q3 results add pressure: earnings per share of $0.43 missed the $0.57 consensus, and revenue fell 16.7% year over year to $240.36 million, despite slightly exceeding estimates. Criteo Q3 income drops

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.