Criteo (NASDAQ:CRTO) Receives “Buy” Rating from DA Davidson

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating restated by analysts at DA Davidson in a research note issued on Tuesday,Benzinga reports. They presently have a $24.00 target price on the information services provider’s stock. DA Davidson’s target price points to a potential upside of 44.84% from the company’s previous close.

Several other analysts have also commented on the company. Benchmark dropped their price objective on Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Wall Street Zen lowered Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Wells Fargo & Company reissued an “equal weight” rating and issued a $18.00 price target (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Finally, Morgan Stanley reduced their price objective on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.44.

Criteo Stock Performance

Shares of Criteo stock opened at $16.57 on Tuesday. The firm has a 50-day simple moving average of $17.80 and a two-hundred day simple moving average of $18.66. Criteo has a fifty-two week low of $15.57 and a fifty-two week high of $26.52. The company has a market cap of $826.16 million, a P/E ratio of 7.74 and a beta of 0.32.

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

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 431,879 shares in the company, valued at $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after buying an additional 1,184 shares during the last quarter. Invesco Ltd. increased its stake in Criteo by 7.2% during the second 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 during the last quarter. Qube Research & Technologies Ltd raised its position in Criteo by 145.0% in the second 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 lifted its stake in shares of Criteo by 41.6% in 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 last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Criteo by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after purchasing an additional 82,134 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.