Shares of Criteo S.A. (NASDAQ:CRTO – Get Free Report) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $27.70.
CRTO has been the topic of a number of analyst reports. Benchmark decreased their target price on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley dropped their price target on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Friday, July 17th. Wedbush assumed coverage on Criteo in a research report on Thursday, July 16th. They set an “outperform” rating and a $30.00 price target on the stock. Finally, Citigroup restated a “buy” rating on shares of Criteo in a research note on Tuesday, July 7th.
Read Our Latest Stock Report on CRTO
Criteo Stock Performance
Criteo (NASDAQ:CRTO – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 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 for the quarter. Equities research analysts predict that Criteo will post 3.21 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Sarah Js Glickman sold 2,465 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 431,879 shares of the company’s stock, valued at approximately $7,367,855.74. This represents 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
Institutional investors and hedge funds have recently bought and sold shares of the company. WealthCollab LLC grew its stake in Criteo by 147.5% during the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after buying an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. raised its position 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 buying an additional 940 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Criteo in the 2nd quarter valued at approximately $30,000. Jones Financial Companies Lllp lifted its holdings in shares of 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 worth $45,000 after acquiring an additional 1,184 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after acquiring an additional 1,222 shares during the period. 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.
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