Criteo S.A. (NASDAQ:CRTO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Criteo S.A. (NASDAQ:CRTO) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $27.70.

A number of brokerages have commented on CRTO. Stifel Nicolaus decreased their price objective on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a report on Monday, April 13th. Benchmark dropped their target price on Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Citigroup reaffirmed a “buy” rating on shares of Criteo in a research report on Tuesday, July 7th. DA Davidson reiterated a “buy” rating and set a $24.00 price target on shares of Criteo in a report on Tuesday, July 7th. Finally, Morgan Stanley decreased their price target on Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, May 13th.

Criteo Price Performance

NASDAQ:CRTO opened at $21.05 on Thursday. Criteo has a one year low of $15.57 and a one year high of $26.52. The company has a market cap of $1.06 billion, a PE ratio of 9.84 and a beta of 0.30. The firm has a 50-day moving average of $18.89 and a 200-day moving average of $18.74.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share 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 for the quarter. On average, equities research analysts expect that Criteo will post 3.21 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total transaction of $42,052.90. Following the transaction, the chief financial officer directly owned 431,879 shares of the company’s stock, valued at $7,367,855.74. The trade was a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Criteo by 21.6% during the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after purchasing an additional 838,523 shares during the last quarter. Senvest Management LLC grew its position in Criteo by 4.5% in the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock worth $82,430,000 after purchasing an additional 200,000 shares in the last quarter. Alliancebernstein L.P. increased its stake in Criteo by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after buying an additional 82,134 shares during the last quarter. DNB Asset Management AS increased its stake in Criteo by 2.9% in the 4th quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock valued at $87,761,000 after buying an additional 121,477 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Criteo by 4.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock worth $31,774,000 after buying an additional 77,145 shares during the last quarter. Hedge funds and other 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.