Analysts Set Criteo S.A. (NASDAQ:CRTO) Price Target at $23.15

Shares of Criteo S.A. (NASDAQ:CRTO) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $23.15.

A number of brokerages have recently issued reports on CRTO. 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. Citigroup reaffirmed a “buy” rating on shares of Criteo in a research note on Friday, August 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a report on Friday, July 17th. Wedbush initiated coverage on shares of Criteo in a research report on Thursday, July 16th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, DA Davidson restated a “buy” rating and issued a $24.00 target price on shares of Criteo in a research note on Tuesday, July 7th.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 6,285 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 transaction of $108,290.55. Following the transaction, the chief financial officer directly owned 424,612 shares in the company, valued at $7,316,064.76. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan Damon sold 6,178 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 $106,446.94. Following the sale, 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 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 quarter, insiders sold 30,487 shares of company stock worth $524,872. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several institutional investors have recently made changes to their positions in CRTO. Jones Financial Companies Lllp raised its holdings in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 1,184 shares in the last quarter. Invesco Ltd. grew its holdings in Criteo by 7.2% during the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after acquiring an additional 1,094 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Criteo by 145.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock valued at $10,372,000 after purchasing an additional 256,227 shares during the period. The Manufacturers Life Insurance Company increased its position in Criteo by 41.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock valued at $206,000 after purchasing an additional 2,524 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Criteo by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after purchasing an additional 82,134 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $17.85 on Monday. Criteo has a fifty-two week low of $15.57 and a fifty-two week high of $25.29. The company has a market cap of $874.65 million, a price-to-earnings ratio of 9.06 and a beta of 0.29. The business’s 50 day moving average price is $19.73 and its 200-day moving average price is $18.64.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data 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. The company had revenue of $428.02 million during the quarter, compared to analysts’ expectations of $263.40 million. Criteo had a return on equity of 14.33% and a net margin of 5.60%.Criteo’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. Sell-side analysts predict 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.