Ryan Damon Sells 6,178 Shares of Criteo (NASDAQ:CRTO) Stock

Key Points

• Insider sale: Ryan Damon sold 6,178 Criteo shares for approximately $106,447 to cover tax withholding tied to vested equity awards, reducing his direct holdings by 3.55% to 167,765 shares.
• Stock and earnings: Criteo shares rose 4.4% to $18.36, while quarterly EPS of $0.80 exceeded estimates of $0.71. Revenue reached $428.02 million but declined 11.3% year over year.
• Analyst outlook: Analysts maintain a consensus “Hold” rating with a $23.15 target price; six analysts rate the stock a Buy, four a Hold, and one a Sell.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) insider Ryan Damon sold 6,178 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $106,446.94. Following the sale, the insider directly owned 167,765 shares of the company's stock, valued at $2,890,590.95. This represents a 3.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Stock Up 4.4%

Shares of NASDAQ:CRTO traded up $0.78 during midday trading on Friday, reaching $18.36. 422,078 shares of the company were exchanged, compared to its average volume of 459,103. The firm has a market cap of $922.41 million, a PE ratio of 9.32 and a beta of 0.29. Criteo S.A. has a fifty-two week low of $15.57 and a fifty-two week high of $25.29. The stock has a fifty day simple moving average of $19.70 and a two-hundred day simple moving average of $18.76.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share 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 analyst estimates of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.30%. The company's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. As a group, analysts forecast that Criteo S.A. will post 3.21 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup reiterated a "buy" rating on shares of Criteo in a report on Tuesday, July 7th. Wedbush initiated coverage on Criteo in a research note on Thursday, July 16th. They issued an "outperform" rating and a $30.00 target price on the stock. Benchmark reduced their price target on Criteo from $25.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday. Morgan Stanley lowered their price objective on shares of Criteo from $29.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, DA Davidson reissued a "buy" rating and issued a $24.00 price objective on shares of Criteo in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. increased its position in shares of Criteo by 130.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider's stock worth $10,243,000 after purchasing an additional 281,699 shares during the last quarter. Waterfront Wealth Inc. boosted its holdings in shares of Criteo by 81.4% in the 4th quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider's stock valued at $2,868,000 after buying an additional 63,611 shares during the last quarter. VELA Investment Management LLC grew its stake in shares of Criteo by 28.2% in the fourth quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider's stock valued at $11,364,000 after buying an additional 121,242 shares in the last quarter. Div Capital Phoenix Assets Ltd bought a new position in shares of Criteo in the fourth quarter valued at $2,288,000. Finally, King Luther Capital Management Corp increased its holdings in Criteo by 79.9% during the fourth quarter. King Luther Capital Management Corp now owns 188,910 shares of the information services provider's stock worth $3,893,000 after buying an additional 83,910 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source