DA Davidson Cuts Criteo (NASDAQ:CRTO) Price Target to $38.00

Key Points

• DA Davidson has reduced Criteo's price target to $38.00, down from $42.00, while maintaining a "buy" rating, indicating a potential upside of 56.17%.
• Several analysts, including Susquehanna and Wells Fargo, have also downgraded their price targets for Criteo, reflecting a broader trend of cautious sentiment on the stock.
• Criteo's stock performance has seen significant fluctuations, with shares recently trading at $24.33, and reported earnings per share of $0.92 for the last quarter, exceeding analyst estimates.

Criteo (NASDAQ:CRTO - Get Free Report) had its price target lowered by analysts at DA Davidson from $42.00 to $38.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the information services provider's stock. DA Davidson's price target would suggest a potential upside of 62.41% from the company's previous close. DA Davidson also issued estimates for Criteo's Q3 2025 earnings at $0.71 EPS.

CRTO has been the subject of a number of other reports. Wells Fargo & Company decreased their target price on Criteo from $54.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, July 29th. Stifel Nicolaus cut their price target on Criteo from $42.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Benchmark cut their price target on Criteo from $46.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. cut their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

Criteo Stock Performance

NASDAQ:CRTO traded down $0.10 during trading hours on Thursday, reaching $23.40. The stock had a trading volume of 84,305 shares, compared to its average volume of 452,780. The stock has a 50 day simple moving average of $24.40 and a 200 day simple moving average of $31.35. Criteo has a 12-month low of $22.43 and a 12-month high of $49.93. The stock has a market cap of $1.24 billion, a P/E ratio of 9.77 and a beta of 0.43.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.22. Criteo had a return on equity of 16.91% and a net margin of 7.10%. The business had revenue of $292.00 million during the quarter, compared to the consensus estimate of $274.62 million. During the same period last year, the business posted $1.08 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Criteo will post 3.09 earnings per share for the current fiscal year.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 1,263 shares of Criteo stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the sale, the insider owned 130,739 shares of the company's stock, valued at approximately $3,414,902.68. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,842 shares of Criteo stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $22.85, for a total value of $64,939.70. Following the sale, the insider directly owned 152,122 shares of the company's stock, valued at approximately $3,475,987.70. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,708 shares of company stock valued at $320,444. Company insiders own 1.66% of the company's stock.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently added to or reduced their stakes in CRTO. LPL Financial LLC lifted its stake in Criteo by 15.1% during the fourth quarter. LPL Financial LLC now owns 19,235 shares of the information services provider's stock worth $761,000 after purchasing an additional 2,527 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Criteo by 10.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 697,146 shares of the information services provider's stock worth $27,579,000 after purchasing an additional 63,379 shares during the last quarter. Schroder Investment Management Group lifted its stake in Criteo by 4,200.9% during the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after purchasing an additional 559,472 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Criteo by 31.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock worth $245,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Criteo by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 52,429 shares of the information services provider's stock worth $2,074,000 after purchasing an additional 3,286 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Criteo Company Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.