Criteo (NASDAQ:CRTO) Earns Outperform Rating from Analysts at Wedbush

Wedbush assumed coverage on shares of Criteo (NASDAQ:CRTO) in a report published on Thursday morning, Marketbeat reports. The firm issued an outperform rating and a $30.00 target price on the information services provider’s stock.

CRTO has been the subject of several other research reports. Morgan Stanley cut their target price on Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 13th. Stifel Nicolaus decreased their price target on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Citigroup restated a “buy” rating on shares of Criteo in a report on Tuesday, July 7th. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Criteo in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company reaffirmed 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. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.70.

Criteo Trading Down 2.0%

CRTO stock opened at $22.48 on Thursday. The company’s 50 day moving average is $18.56 and its 200 day moving average is $18.73. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 10.50 and a beta of 0.30. Criteo has a 1-year low of $15.57 and a 1-year high of $26.52.

Criteo (NASDAQ:CRTO) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. The business had revenue of $424.64 million during the quarter. As a group, sell-side analysts forecast that Criteo will post 3.12 EPS for the current fiscal year.

Insider Activity

In related news, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the completion of the transaction, the chief financial officer owned 431,879 shares in the company, valued at $7,367,855.74. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Criteo

A number of large investors have recently modified their holdings of CRTO. Robeco Institutional Asset Management B.V. grew its holdings 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 acquiring an additional 281,699 shares during the period. Waterfront Wealth Inc. lifted its stake 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 purchasing an additional 63,611 shares during the period. VELA Investment Management LLC lifted its stake in shares of Criteo by 28.2% in the 4th quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock valued at $11,364,000 after purchasing an additional 121,242 shares during the period. King Luther Capital Management Corp boosted its position in shares of 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 valued at $3,893,000 after purchasing an additional 83,910 shares in the last quarter. Finally, Div Capital Phoenix Assets Ltd bought a new stake in shares of Criteo during the fourth quarter valued at approximately $2,288,000. Institutional investors own 94.27% of the company’s stock.

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.