Criteo S.A. (NASDAQ:CRTO) Receives $27.44 Average Price Target from Analysts

Criteo S.A. (NASDAQ:CRTO) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.4444.

CRTO has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Morgan Stanley cut their price objective on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Benchmark lowered their target price on shares of Criteo from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th.

Insider Activity

In other news, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the completion of the sale, the chief financial officer directly owned 431,879 shares in the company, valued at $7,367,855.74. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 corporate insiders.

Institutional Trading of Criteo

Institutional investors and hedge funds have recently bought and sold shares of the business. WealthCollab LLC lifted its position in Criteo by 147.5% during the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after buying an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Criteo by 185.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after acquiring an additional 940 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Criteo in the 2nd quarter valued at $30,000. Jones Financial Companies Lllp raised its stake in shares of Criteo by 1,376.7% in the 1st 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 during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Performance

CRTO stock opened at $19.08 on Friday. The company has a 50 day moving average price of $17.66 and a two-hundred day moving average price of $18.54. The stock has a market capitalization of $958.67 million, a P/E ratio of 8.92 and a beta of 0.30. Criteo has a one year low of $15.57 and a one year high of $26.52.

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