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

Shares of Criteo S.A. (NASDAQ:CRTO) have been given an average recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.4444.

Several research analysts have commented on the company. Wall Street Zen downgraded Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Benchmark lowered their price objective on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Stifel Nicolaus cut their target price on shares of Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, DA Davidson reissued a “buy” rating and issued a $24.00 price target on shares of Criteo in a report on Tuesday, June 23rd.

Criteo Price Performance

CRTO stock opened at $19.08 on Friday. The stock has a market capitalization of $958.58 million, a price-to-earnings ratio of 8.92 and a beta of 0.30. The company has a 50-day moving average of $17.66 and a two-hundred day moving average of $18.54. Criteo has a 52-week low of $15.57 and a 52-week high of $26.52.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%.The business had revenue of $424.64 million for the quarter. Equities analysts expect that Criteo will post 3.12 EPS for the current fiscal year.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total value of $42,052.90. Following the completion of the sale, the chief financial officer owned 431,879 shares in the company, valued at approximately $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

Hedge Funds Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Criteo by 130.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider’s stock worth $10,243,000 after purchasing an additional 281,699 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Criteo by 81.4% in the fourth quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock valued at $2,868,000 after purchasing an additional 63,611 shares in the last quarter. VELA Investment Management LLC raised its stake in shares of Criteo by 28.2% in the fourth quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock valued at $11,364,000 after purchasing an additional 121,242 shares in the last quarter. Cannell Capital LLC bought a new position in Criteo in the third quarter worth $7,425,000. Finally, Neuberger Berman Group LLC lifted its position in Criteo by 19.8% in the third quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock worth $177,176,000 after purchasing an additional 1,297,980 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

About Criteo

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.