Criteo S.A. (NASDAQ:CRTO) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Criteo, with six buys, four holds and one sell among 11 analysts. The average 12-month price target is $23.15.
• Criteo’s latest quarterly results exceeded expectations, with adjusted EPS of $0.80 versus the $0.71 consensus and revenue of $428.02 million versus $263.40 million expected; however, revenue declined 11.3% year over year.
• CRTO opened at $19.00, compared with a 52-week range of $15.57 to $25.29. Institutional investors own 94.27% of the shares, while insiders recently sold stock primarily to cover tax obligations tied to vested equity awards.

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) have been assigned an average rating of "Hold" from the eleven analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.15.

A number of equities analysts have issued reports on the stock. Wedbush initiated coverage on shares of Criteo in a research report on Thursday, July 16th. They set an "outperform" rating and a $30.00 price target for the company. DA Davidson reiterated a "buy" rating and issued a $24.00 price objective on shares of Criteo in a research note on Tuesday, July 7th. Sanford C. Bernstein lowered shares of Criteo from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $35.00 to $20.50 in a research note on Thursday, August 6th. Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Criteo in a research report on Friday, July 17th.

Criteo Stock Performance

Shares of CRTO stock opened at $19.00 on Monday. Criteo has a fifty-two week low of $15.57 and a fifty-two week high of $25.29. The firm has a market capitalization of $931 million, a PE ratio of 9.64 and a beta of 0.29. The stock's 50-day simple moving average is $19.70 and its 200-day simple moving average is $18.68.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. The firm had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. Criteo had a return on equity of 14.33% and a net margin of 5.60%.The company's revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Sell-side analysts forecast that Criteo will post 2.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 6,178 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the completion of the transaction, the insider owned 167,765 shares of the company's stock, valued at $2,890,590.95. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Js Glickman sold 6,285 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $108,290.55. Following the completion of the sale, the chief financial officer owned 424,612 shares in the company, valued at $7,316,064.76. The trade was a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 30,487 shares of company stock valued at $524,872. Company insiders own 1.52% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Waterfront Wealth Inc. raised its holdings in Criteo by 81.4% in the 4th quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider's stock worth $2,868,000 after purchasing an additional 63,611 shares during the period. VELA Investment Management LLC boosted its position in Criteo by 28.2% during the fourth quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider's stock worth $11,364,000 after purchasing an additional 121,242 shares in the last quarter. Div Capital Phoenix Assets Ltd acquired a new stake in Criteo in the fourth quarter valued at approximately $2,288,000. King Luther Capital Management Corp grew its holdings in Criteo by 79.9% in the fourth quarter. King Luther Capital Management Corp now owns 188,910 shares of the information services provider's stock valued at $3,893,000 after purchasing an additional 83,910 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Criteo by 83,065.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,186 shares of the information services provider's stock valued at $1,508,000 after buying an additional 73,098 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

About Criteo

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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