Criteo (NASDAQ:CRTO) Hits New 1-Year Low - What's Next?

Key Points

• Criteo's shares have hit a new 52-week low at $21.70, down from a previous close of $22.64, with a trading volume of 79,264 shares.
• A number of analysts have revised their target prices for Criteo, with some downgrading from as high as $54.00 to $38.00, while others set a "buy" rating at a new target of $51.00.
• For the last quarter, Criteo reported an earnings per share (EPS) of $0.92, surpassing analyst expectations and showing a year-over-year revenue increase of 2.5%.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $21.71 and last traded at $21.70, with a volume of 79264 shares changing hands. The stock had previously closed at $22.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Benchmark cut their target price on shares of Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Wells Fargo & Company cut their target price on shares of Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 29th. BMO Capital Markets lifted their target price on shares of Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. DA Davidson cut their target price on shares of Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Finally, Stifel Nicolaus cut their target price on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Criteo currently has an average rating of "Hold" and an average target price of $40.00.

Criteo Stock Performance

The firm has a market cap of $1.26 billion, a P/E ratio of 9.05 and a beta of 0.47. The stock's 50 day simple moving average is $23.77 and its 200 day simple moving average is $28.15.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The information services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.22. The business had revenue of $292.00 million during the quarter, compared to analyst estimates of $274.62 million. Criteo had a net margin of 7.10% and a return on equity of 16.91%. Criteo's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. Criteo has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 2,842 shares of the business'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 transaction, the insider directly owned 152,122 shares of the company's stock, valued at approximately $3,475,987.70. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its stake in Criteo by 6.9% in the second quarter. Neuberger Berman Group LLC now owns 6,542,808 shares of the information services provider's stock worth $156,766,000 after buying an additional 419,808 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Criteo in the second quarter worth approximately $292,000. Engineers Gate Manager LP boosted its stake in Criteo by 170.1% in the second quarter. Engineers Gate Manager LP now owns 68,873 shares of the information services provider's stock worth $1,650,000 after buying an additional 43,376 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Criteo by 72.2% in the second quarter. Cubist Systematic Strategies LLC now owns 172,944 shares of the information services provider's stock worth $4,144,000 after buying an additional 72,540 shares in the last quarter. Finally, Balanced Rock Investment Advisors LLC boosted its stake in Criteo by 19.3% in the second quarter. Balanced Rock Investment Advisors LLC now owns 16,842 shares of the information services provider's stock worth $404,000 after buying an additional 2,724 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.