Criteo (NASDAQ:CRTO) Stock Price Up 6.6% - Time to Buy?

Key Points

• Criteo shares climbed 6.6% to about $17.71, with trading volume 11% above its average.
• The company missed quarterly earnings expectations, reporting $0.43 per share versus $0.57 forecast; revenue slightly beat estimates but fell 16.7% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $20.85; six analysts rate the stock Buy, four Hold, and two Sell.

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) rose 6.6% on Tuesday. The stock traded as high as $17.73 and last traded at $17.7060. 471,162 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 422,904 shares. The stock had previously closed at $16.61.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Benchmark dropped their price target on Criteo from $25.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Criteo from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, November 4th. Zacks Research upgraded shares of Criteo from a "strong sell" rating to a "hold" rating in a report on Monday, October 19th. Wedbush cut their target price on shares of Criteo from $25.00 to $21.00 and set an "outperform" rating on the stock in a research report on Thursday, November 5th. Finally, Sanford C. Bernstein lowered shares of Criteo from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $35.00 to $20.50 in a report on Thursday, August 6th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Criteo has an average rating of "Hold" and a consensus target price of $20.85.

Criteo Price Performance

The business has a 50-day moving average of $15.93 and a two-hundred day moving average of $17.97. The company has a market cap of $867.59 million, a P/E ratio of 12.87 and a beta of 0.35.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Wednesday, November 4th. The information services provider reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.14). Criteo had a return on equity of 10.90% and a net margin of 3.99%. The firm had revenue of $240.36 million during the quarter, compared to the consensus estimate of $239.18 million. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The business's revenue for the quarter was down 16.7% compared to the same quarter last year. Equities analysts anticipate that Criteo S.A. will post 2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, CEO Michael Komasinski sold 1,656 shares of Criteo stock in a transaction on Friday, August 28th. The shares were sold at an average price of $17.28, for a total value of $28,615.68. Following the transaction, the chief executive officer directly owned 343,891 shares of the company's stock, valued at approximately $5,942,436.48. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,855 shares of company stock valued at $48,898 in the last three months. 1.52% of the stock is owned by company insiders.

Institutional Trading of Criteo

A number of institutional investors have recently made changes to their positions in the business. WealthCollab LLC lifted its stake in Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider's stock valued at $25,000 after buying an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in 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 worth $30,000 after buying an additional 940 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Criteo by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider's stock worth $63,000 after buying an additional 1,314 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Criteo during the 2nd quarter worth approximately $36,000. Finally, Parallel Advisors LLC increased its stake in Criteo by 357.9% during the 1st quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider's stock worth $74,000 after buying an additional 3,225 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

About Criteo

Criteo S.A. NASDAQ: CRTO is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels. Criteo's offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.

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