Criteo S.A. (NASDAQ:CRTO) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Criteo has a consensus “Hold” rating from 12 analysts: six recommend buying, three recommend holding, and three recommend selling. The average 12-month price target is $22.65.
• Recent analyst sentiment was mixed, with Zacks Research and Huber Research downgrading the stock, while Citigroup reaffirmed its “Buy” rating; Morgan Stanley lowered its price target to $25 and maintained an “Equal Weight” rating.
• Criteo beat quarterly earnings expectations, reporting $0.80 EPS versus a $0.71 consensus estimate, though revenue fell 11.3% year over year. Shares opened at $17.37, near the lower end of their 52-week range.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) has earned a consensus rating of "Hold" from the twelve ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.65.

A number of research analysts have issued reports on CRTO shares. Zacks Research cut shares of Criteo from a "hold" rating to a "strong sell" rating in a report on Monday, August 24th. Huber Research lowered shares of Criteo from an "overweight" rating to an "underweight" rating in a report on Monday, August 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of Criteo in a research report on Friday, July 17th. Morgan Stanley reduced their target price on Criteo from $29.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, August 6th. Finally, Citigroup reiterated a "buy" rating on shares of Criteo in a research note on Friday, August 14th.

Insider Buying and Selling

In other news, insider Ryan Damon sold 6,178 shares of the company's stock in a transaction on Thursday, August 6th. The shares were 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 $2,890,590.95. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction 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. The trade was a 4.31% decrease in their position. 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. In the last quarter, insiders have sold 30,725 shares of company stock worth $529,527. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after purchasing an additional 1,184 shares during the period. Invesco Ltd. boosted its stake in shares of Criteo by 7.2% in the second quarter. Invesco Ltd. now owns 16,313 shares of the information services provider's stock worth $391,000 after buying an additional 1,094 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Criteo by 145.0% in the second quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider's stock worth $10,372,000 after buying an additional 256,227 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Criteo by 41.6% during the second quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider's stock worth $206,000 after acquiring an additional 2,524 shares during the period. Finally, Alliancebernstein L.P. raised its position in Criteo by 1.9% during the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider's stock valued at $105,711,000 after acquiring an additional 82,134 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $17.37 on Friday. The company has a market cap of $851.13 million, a PE ratio of 8.82 and a beta of 0.27. The business has a 50-day simple moving average of $19.65 and a two-hundred day simple moving average of $18.54. Criteo has a fifty-two week low of $15.57 and a fifty-two week high of $25.29.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.09. The firm had revenue of $428.02 million for the quarter, compared to the consensus estimate of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, sell-side analysts predict that Criteo will post 2.66 earnings per share for the current fiscal year.

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.

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