Criteo S.A. (NASDAQ:CRTO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Criteo S.A. (NASDAQ:CRTO) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $27.4444.

A number of equities research analysts recently commented on CRTO shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 price target (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Benchmark lowered their price target on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Stifel Nicolaus lowered their price target on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Morgan Stanley lowered their price target on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th.

Criteo Stock Up 1.0%

Shares of NASDAQ CRTO opened at $17.66 on Friday. Criteo has a twelve month low of $15.57 and a twelve month high of $26.52. The stock’s 50 day moving average price is $17.73 and its 200-day moving average price is $18.61. The company has a market capitalization of $887.24 million, a PE ratio of 8.25 and a beta of 0.32.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. The company had revenue of $424.64 million for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. As a group, research analysts expect that Criteo will post 3.12 EPS for the current fiscal year.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total value of $42,052.90. Following the sale, the chief financial officer owned 431,879 shares of the company’s stock, valued at approximately $7,367,855.74. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 hedge funds and other institutional investors have recently bought and sold shares of CRTO. Jones Financial Companies Lllp raised its holdings in Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 1,184 shares during the period. Invesco Ltd. increased its holdings in shares of Criteo by 7.2% in the second quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after purchasing an additional 1,094 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Criteo by 145.0% in the second quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock worth $10,372,000 after purchasing an additional 256,227 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Criteo by 41.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock worth $206,000 after purchasing an additional 2,524 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Criteo by 1.9% in the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after purchasing an additional 82,134 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

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.