Criteo S.A. (NASDAQ:CRTO) Receives Average Rating of "Hold" from Analysts

Key Points

• Criteo currently has an average analyst rating of "Hold" from nine covering firms, with five buy ratings, three holds, and one sell. The average 12-month price target is about $28.39.
• Recent analyst actions were mixed: some firms maintained or raised targets, while others cut expectations, including Wells Fargo lowering its price objective to $18 from $34. Citigroup also trimmed its target to $26 while keeping a buy rating.
• Insider and institutional activity showed continued interest in the stock, with a director buying 5,000 shares and institutional ownership at 94.27%. Criteo also reported quarterly EPS of $0.73 on revenue of $424.64 million.

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) have received an average rating of "Hold" from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $28.3889.

A number of research analysts recently weighed in on CRTO shares. DA Davidson set a $28.50 target price on shares of Criteo in a research report on Thursday, February 12th. Morgan Stanley set a $33.00 target price on shares of Criteo in a research report on Thursday, February 12th. Citigroup decreased their target price on shares of Criteo from $34.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Criteo in a research report on Monday, April 20th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $18.00 price objective (down from $34.00) on shares of Criteo in a research report on Wednesday.

Insider Activity at Criteo

In other news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $17.81 per share, with a total value of $89,050.00. Following the transaction, the director directly owned 26,600 shares in the company, valued at approximately $473,746. The trade was a 23.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in shares of Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider's stock valued at $30,000 after acquiring an additional 940 shares during the period. Raymond James Financial Inc. bought a new position in shares of Criteo in the 2nd quarter valued at about $30,000. Covestor Ltd grew its position in shares of Criteo by 125.2% in the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider's stock valued at $40,000 after acquiring an additional 980 shares during the period. Jones Financial Companies Lllp grew its position in shares of Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after acquiring an additional 1,184 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock valued at $47,000 after acquiring an additional 1,222 shares during the period. Institutional investors own 94.27% of the company's stock.

Criteo Trading Up 0.2%

Criteo stock opened at $16.49 on Friday. The company has a market cap of $822.19 million, a P/E ratio of 7.71 and a beta of 0.34. Criteo has a 1-year low of $15.57 and a 1-year high of $30.64. The company has a fifty day simple moving average of $18.39 and a 200 day simple moving average of $19.49.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. The business had revenue of $424.64 million during the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. On average, equities research analysts forecast that Criteo will post 3.39 EPS for the current year.

Criteo Company Profile

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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