Criteo S.A. (NASDAQ:CRTO) Stock Has Consensus Target Price of $22.35

Criteo S.A. (NASDAQ:CRTO) has been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $21.35.

A number of research firms have recently weighed in on CRTO. BMO Capital Markets set a $20.00 target price on Criteo in a report on Thursday, August 6th. Huber Research lowered Criteo from an “overweight” rating to an “underweight” rating in a report on Monday, August 24th. Morgan Stanley cut their price objective on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Citigroup reduced their target price on Criteo from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday. Finally, Sanford C. Bernstein cut Criteo from an “outperform” rating to a “market perform” rating and cut their target price for the company from $35.00 to $20.50 in a research note on Thursday, August 6th.

Insider Transactions at Criteo

In other Criteo news, CEO Michael Komasinski sold 1,656 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $17.28, for a total transaction of $28,615.68. Following the completion of the sale, the chief executive officer directly owned 343,891 shares of the company’s stock, valued at $5,942,436.48. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,855 shares of company stock valued at $48,898 over the last three months. 1.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. raised its holdings in Criteo by 15.8% in the second quarter. QRG Capital Management Inc. now owns 54,023 shares of the information services provider’s stock worth $988,000 after purchasing an additional 7,352 shares during the period. Integrated Wealth Concepts LLC bought a new position in Criteo in the second quarter worth approximately $36,000. GAMMA Investing LLC increased its stake in shares of Criteo by 61.1% during the second quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock worth $63,000 after purchasing an additional 1,314 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Criteo by 357.9% in the 1st quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Criteo by 4.6% in the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after buying an additional 77,145 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Key Criteo News

Here are the key news stories impacting Criteo this week:

• Positive Sentiment: Citigroup lowered its target to $21 from $23 but kept a Buy rating, implying substantial upside from the reference share price. Criteo price target at Citigroup
• Positive Sentiment: A Seeking Alpha analysis upgraded Criteo, citing a ramp in connected-TV advertising and stabilization in advertiser spending as reasons for renewed optimism. Criteo CTV and spending outlook
• Neutral Sentiment: Wedbush cut its target to $21 from $25 while maintaining an Outperform rating, combining a more cautious valuation with continued confidence in the shares. Criteo price target at Wedbush
• Neutral Sentiment: Criteo forecast fourth-quarter contribution excluding traffic acquisition costs of $292 million to $298 million and is targeting a U.S. redomiciliation effective January 1, 2027; the supplied report gives no comparison to prior expectations. Criteo Q4 forecast and redomiciliation
• Negative Sentiment: Wells Fargo lowered its target to $14 from $15 and kept an Equal Weight rating, signaling downside relative to the reference price. Criteo price target at Wells Fargo
• Negative Sentiment: Recent Q3 results add pressure: earnings per share of $0.43 missed the $0.57 consensus, and revenue fell 16.7% year over year to $240.36 million, despite slightly exceeding estimates. Criteo Q3 income drops

Criteo Price Performance

Shares of Criteo stock opened at $15.42 on Friday. Criteo has a 1 year low of $13.95 and a 1 year high of $25.29. The firm has a market cap of $755.58 million, a price-to-earnings ratio of 11.17 and a beta of 0.35. The company has a 50-day moving average of $15.95 and a 200 day moving average of $17.98.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, November 4th. The information services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). Criteo had a return on equity of 14.33% and a net margin of 5.60%. The company had revenue of $240.36 million for the quarter, compared to analyst estimates of $239.18 million. During the same period last year, the firm posted $1.31 earnings per share. The business’s revenue was down 16.7% on a year-over-year basis. On average, equities analysts anticipate that Criteo will post 2.58 EPS for the current year.

About Criteo

Criteo SA (NASDAQ: CRTO) is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels.

Criteo’s offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.