Criteo S.A. (NASDAQ:CRTO) Receives $27.70 Average Price Target from Brokerages

Shares of Criteo S.A. (NASDAQ:CRTO) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $27.70.

CRTO has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $18.00 price target (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. DA Davidson reissued a “buy” rating and issued a $24.00 target price on shares of Criteo in a report on Tuesday, July 7th. Citigroup restated a “buy” rating on shares of Criteo in a research report on Tuesday, July 7th. Stifel Nicolaus cut their price objective on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, Wedbush assumed coverage on Criteo in a research note on Thursday, July 16th. They issued an “outperform” rating and a $30.00 price objective on the stock.

Insider Activity

In related news, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction dated 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 owned 431,879 shares in the company, valued at $7,367,855.74. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Criteo during the second quarter worth $30,000. Jones Financial Companies Lllp increased its position in Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after purchasing an additional 1,184 shares during the period. WealthCollab LLC lifted its position in Criteo by 147.5% during the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 817 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of 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 valued at $30,000 after purchasing an additional 940 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Trading Up 7.0%

NASDAQ:CRTO opened at $22.63 on Thursday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.57 and a beta of 0.30. Criteo has a 1-year low of $15.57 and a 1-year high of $26.52. The business’s fifty day moving average price is $19.35 and its 200 day moving average price is $18.76.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $424.64 million during the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. Equities analysts forecast that Criteo will post 3.21 earnings per share for the current year.

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.