Criteo S.A. (NASDAQ:CRTO) Receives $22.65 Consensus PT from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have received an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.65.

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein cut shares of Criteo from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $35.00 to $20.50 in a research note on Thursday, August 6th. Benchmark cut their price target on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research cut Criteo from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Criteo in a research report on Tuesday, July 7th. Finally, Huber Research lowered Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th.

Insider Buying and Selling at Criteo

In other news, insider Ryan Damon sold 6,178 shares of Criteo stock in a transaction dated Thursday, August 6th. The stock was 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. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 15,559 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $268,081.57. Following the completion of the sale, the chief executive officer owned 345,547 shares in the company, valued at $5,953,774.81. This represents a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 30,725 shares of company stock valued at $529,527 in the last 90 days. Insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

A number of large investors have recently added to or reduced their stakes in CRTO. WealthCollab LLC increased its position in Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after purchasing an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Criteo by 185.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 940 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Criteo during the second quarter valued at $36,000. GAMMA Investing LLC grew its stake in shares of Criteo by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock worth $63,000 after buying an additional 1,314 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Criteo by 357.9% in the 1st quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock worth $74,000 after buying an additional 3,225 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Trading Down 1.2%

Criteo stock opened at $16.90 on Friday. The firm has a 50 day moving average of $19.14 and a 200 day moving average of $18.53. The firm has a market capitalization of $828.10 million, a price-to-earnings ratio of 8.58 and a beta of 0.27. Criteo has a 12-month low of $15.57 and a 12-month high of $25.29.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company’s revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. On average, analysts predict that Criteo will post 2.58 EPS for the current year.

About Criteo

Criteo SA is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and agencies engage consumers throughout the shopping journey by using data, artificial intelligence and machine learning to deliver personalized advertising and commerce experiences.

Its offerings include retail media solutions that allow retailers and marketplaces to monetize digital audiences, as well as advertising tools that help brands reach potential customers across websites, mobile applications and other digital channels.