Criteo (NASDAQ:CRTO) Hits New 1-Year Low - Here's Why

Key Points

• Criteo S.A. (NASDAQ:CRTO) reached a new 52-week low at $20.83, down from a previous close of $21.43, with significant trading volume of 355,757 shares.
• Research analysts have mixed ratings on Criteo, with five rating it Buy, four Hold, and one Sell, while the consensus target price stands at $40.00.
• The company reported earnings per share of $0.92, surpassing estimates of $0.70, along with revenues of $292 million for the quarter, showing a 2.5% year-over-year increase.

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $20.83 and last traded at $20.85, with a volume of 355757 shares trading hands. The stock had previously closed at $21.43.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. DA Davidson lowered their price objective on shares of Criteo from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. BMO Capital Markets raised their target price on Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Criteo in a research report on Saturday, September 27th. Finally, Wells Fargo & Company cut their price objective on Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 29th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.00.

Criteo Stock Performance

The stock has a market cap of $1.21 billion, a P/E ratio of 8.72 and a beta of 0.42. The firm has a 50-day moving average price of $23.11 and a 200-day moving average price of $26.11.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.22. Criteo had a return on equity of 16.91% and a net margin of 7.10%.The company had revenue of $292.00 million for the quarter, compared to analysts' expectations of $274.62 million. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Criteo has set its Q3 2025 guidance at EPS. On average, research analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,842 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $22.85, for a total value of $64,939.70. Following the sale, the insider owned 152,122 shares in the company, valued at approximately $3,475,987.70. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is owned by insiders.

Institutional Trading of Criteo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in Criteo by 14.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,329,854 shares of the information services provider's stock valued at $153,320,000 after purchasing an additional 532,879 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Criteo by 45.9% during the first quarter. ANTIPODES PARTNERS Ltd now owns 1,451,188 shares of the information services provider's stock valued at $51,391,000 after buying an additional 456,633 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Criteo by 6.9% during the second quarter. Neuberger Berman Group LLC now owns 6,542,808 shares of the information services provider's stock valued at $156,766,000 after acquiring an additional 419,808 shares in the last quarter. Clough Capital Partners L P bought a new stake in shares of Criteo during the first quarter valued at approximately $12,708,000. Finally, Nierenberg Investment Management Company Inc. raised its holdings in Criteo by 101.0% in the 2nd quarter. Nierenberg Investment Management Company Inc. now owns 535,702 shares of the information services provider's stock worth $12,835,000 after acquiring an additional 269,204 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

About Criteo

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.

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