Criteo S.A. (NASDAQ:CRTO) Stock Has Average Target Price of $22.35 According to Brokerages

Key Points

• Criteo has a consensus “Hold” rating from 12 analysts, with six buys, four holds and two sells. The average 12-month price target is $22.35, compared with a recent share price of $14.65.
• The company exceeded quarterly earnings expectations, reporting $0.80 EPS versus the $0.71 consensus estimate and $428.02 million in revenue. However, revenue declined 11.3% year over year, and analysts expect full-year EPS of $2.58.
• Insiders sold shares primarily to cover tax obligations tied to equity awards, while institutional investors own 94.27% of Criteo’s stock. The shares remain near their 52-week low of $13.95 and below both their 50-day and 200-day moving averages.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.35.

Several brokerages have commented on CRTO. Huber Research downgraded shares of Criteo from an "overweight" rating to an "underweight" rating in a research report on Monday, August 24th. Citigroup reaffirmed a "buy" rating on shares of Criteo in a report on Friday, August 14th. Wells Fargo & Company decreased their price target on Criteo from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Wedbush lowered their price target on Criteo from $30.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, August 20th. Finally, Sanford C. Bernstein lowered Criteo from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $35.00 to $20.50 in a research note on Thursday, August 6th.

Insiders Place Their Bets

In other news, CEO Michael Komasinski sold 15,559 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $268,081.57. Following the sale, the chief executive officer directly owned 345,547 shares in the company, valued at approximately $5,953,774.81. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Glickman sold 6,285 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $108,290.55. Following the transaction, the chief financial officer owned 424,612 shares of the company's stock, valued at approximately $7,316,064.76. This represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 30,877 shares of company stock valued at $531,717. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

A number of hedge funds have recently added to or reduced their stakes in the stock. Senvest Management LLC boosted its holdings in shares of Criteo by 4.5% during the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider's stock valued at $82,430,000 after acquiring an additional 200,000 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Criteo by 4.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider's stock worth $31,774,000 after purchasing an additional 77,145 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Criteo by 10.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider's stock worth $17,484,000 after purchasing an additional 94,389 shares in the last quarter. Sei Investments Co. raised its position in Criteo by 47.2% in the first quarter. Sei Investments Co. now owns 246,026 shares of the information services provider's stock valued at $4,411,000 after purchasing an additional 78,834 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its position in Criteo by 47.4% in the first quarter. Waterfront Wealth Inc. now owns 208,923 shares of the information services provider's stock valued at $3,746,000 after purchasing an additional 67,157 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Stock Performance

CRTO opened at $14.65 on Friday. The firm has a market cap of $717.85 million, a P/E ratio of 7.44 and a beta of 0.29. Criteo has a 52-week low of $13.95 and a 52-week high of $25.29. The business's fifty day moving average is $16.14 and its 200-day moving average is $18.11.

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

About Criteo

Criteo SA NASDAQ: CRTO is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels.

Criteo's offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.

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