DA Davidson Has Negative Forecast for Criteo FY2025 Earnings

Key Points

• DA Davidson has lowered its FY2025 earnings per share estimate for Criteo to $3.34, down from a previous forecast of $3.65, while maintaining a "Buy" rating with a target price of $38.00.
• Criteo reported quarterly earnings of $0.92 per share, exceeding analysts' expectations of $0.70, and generated revenue of $292 million, surpassing the projected $274.62 million.
• Major investment firms have adjusted their price targets on Criteo stock, with changes including Stifel Nicolaus lowering to $41.00 and JPMorgan Chase cutting to $27.00.

Criteo S.A. (NASDAQ:CRTO - Free Report) - Analysts at DA Davidson dropped their FY2025 EPS estimates for shares of Criteo in a report released on Thursday, July 31st. DA Davidson analyst T. White now expects that the information services provider will post earnings per share of $3.34 for the year, down from their prior estimate of $3.65. DA Davidson currently has a "Buy" rating and a $38.00 target price on the stock. The consensus estimate for Criteo's current full-year earnings is $3.09 per share. DA Davidson also issued estimates for Criteo's FY2026 earnings at $3.27 EPS.

A number of other research firms have also recently weighed in on CRTO. Susquehanna decreased their target price on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley reduced their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Benchmark decreased their price objective on Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their price target on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Stifel Nicolaus reduced their price objective on Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Criteo presently has an average rating of "Moderate Buy" and an average price target of $40.00.

Criteo Trading Down 2.1%

Criteo stock traded down $0.50 during mid-day trading on Monday, hitting $23.47. The stock had a trading volume of 135,704 shares, compared to its average volume of 452,104. The stock has a 50-day simple moving average of $24.27 and a two-hundred day simple moving average of $31.15. Criteo has a 12 month low of $22.43 and a 12 month high of $49.93. The stock has a market capitalization of $1.25 billion, a PE ratio of 9.83 and a beta of 0.43.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share for the quarter, beating 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 firm had revenue of $292.00 million for the quarter, compared to the consensus estimate of $274.62 million. During the same quarter in the previous year, the business earned $1.08 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis.

Institutional Investors Weigh In On Criteo

A number of institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC purchased a new position in shares of Criteo in the 2nd quarter valued at $220,000. Fox Run Management L.L.C. grew its position in Criteo by 61.5% in the second quarter. Fox Run Management L.L.C. now owns 11,568 shares of the information services provider's stock worth $277,000 after acquiring an additional 4,407 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Criteo by 12.0% during the 2nd quarter. Assetmark Inc. now owns 7,317 shares of the information services provider's stock worth $175,000 after purchasing an additional 785 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Criteo by 9.4% in the second quarter. Waterfront Wealth Inc. now owns 57,761 shares of the information services provider's stock valued at $1,384,000 after acquiring an additional 4,980 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Criteo during the 2nd quarter valued at about $4,224,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 2,465 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $63,621.65. Following the sale, the chief financial officer directly owned 362,710 shares of the company's stock, valued at $9,361,545.10. The trade was a 0.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan Damon sold 2,132 shares of Criteo stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $55,026.92. Following the completion of the sale, the insider directly owned 132,002 shares in the company, valued at $3,406,971.62. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,708 shares of company stock worth $320,444 in the last ninety days. 1.66% of the stock is currently owned by insiders.

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.