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

Shares of Criteo S.A. (NASDAQ:CRTO) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.65.

CRTO has been the subject of several research reports. Zacks Research downgraded Criteo from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Huber Research downgraded Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th. Sanford C. Bernstein lowered shares of Criteo from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $35.00 to $20.50 in a report on Thursday, August 6th. Wedbush dropped their price objective on shares of Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. Finally, DA Davidson reiterated a “buy” rating and set a $24.00 target price on shares of Criteo in a research report on Tuesday, July 7th.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $17.44 on Friday. The company has a fifty day moving average of $19.62 and a 200-day moving average of $18.55. The company has a market capitalization of $854.56 million, a PE ratio of 8.85 and a beta of 0.27. Criteo has a 52-week low of $15.57 and a 52-week high of $25.29.

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

Insider Transactions at Criteo

In other news, CFO Sarah Glickman sold 6,285 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $108,290.55. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the completion of the transaction, the insider directly owned 167,765 shares in the company, valued at approximately $2,890,590.95. This represents a 3.55% 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. Over the last 90 days, insiders have sold 30,725 shares of company stock worth $529,527. Company insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Criteo by 21.6% during the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after buying an additional 838,523 shares during the last quarter. Millennium Management LLC boosted its position in Criteo by 226.7% during the third quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider’s stock valued at $24,803,000 after acquiring an additional 761,565 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Criteo during the 3rd quarter worth about $11,926,000. Nierenberg Investment Management Company LLC grew its holdings in Criteo by 109.2% during the 4th quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider’s stock worth $18,320,000 after acquiring an additional 463,929 shares during the period. Finally, Pillsbury Lake Capital LLC bought a new position in shares of Criteo in the 4th quarter worth about $9,486,000. Institutional investors own 94.27% of the company’s stock.

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.