Criteo (NASDAQ:CRTO – Free Report) had its price target decreased by Citigroup from $23.00 to $21.00 in a research report released on Thursday,Benzinga reports. Citigroup currently has a buy rating on the information services provider’s stock.
A number of other equities analysts have also recently issued reports on the stock. Zacks Research raised shares of Criteo from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Huber Research lowered Criteo from an “overweight” rating to an “underweight” rating in a report on Monday, August 24th. Wells Fargo & Company dropped their price target on Criteo from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday. Sanford C. Bernstein cut Criteo from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $35.00 to $20.50 in a research report on Thursday, August 6th. Finally, BMO Capital Markets set a $20.00 price target on Criteo in a report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.35.
Check Out Our Latest Report on Criteo
Criteo Price Performance
Shares of NASDAQ CRTO opened at $15.42 on Thursday. Criteo has a 1-year low of $13.95 and a 1-year high of $25.29. The business has a 50-day moving average of $15.95 and a 200-day moving average of $17.98. The company has a market capitalization of $755.55 million, a price-to-earnings ratio of 11.17 and a beta of 0.35.
Criteo (NASDAQ:CRTO – Get Free Report) last posted its earnings results on Wednesday, November 4th. The information services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). The company had revenue of $240.36 million during the quarter, compared to analyst estimates of $239.18 million. Criteo had a net margin of 3.99% and a return on equity of 10.88%. Criteo’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. Research analysts expect that Criteo will post 2.58 EPS for the current fiscal year.
Insider Buying and Selling
In other Criteo news, CEO Michael Komasinski sold 1,656 shares of Criteo stock in a transaction on Friday, August 28th. The stock was sold at an average price of $17.28, for a total transaction of $28,615.68. Following the sale, the chief executive officer owned 343,891 shares of the company’s stock, valued at $5,942,436.48. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 2,855 shares of company stock valued at $48,898. 1.52% of the stock is owned by company insiders.
Institutional Trading of Criteo
A number of large investors have recently added to or reduced their stakes in the business. WealthCollab LLC lifted its holdings in shares of Criteo by 147.5% during the first 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 last quarter. Rockefeller Capital Management L.P. increased its stake in 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 worth $30,000 after purchasing an additional 940 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Criteo in the 2nd quarter worth about $36,000. GAMMA Investing LLC raised its holdings in Criteo by 61.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock worth $63,000 after buying an additional 1,314 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Criteo by 357.9% during the 1st quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock worth $74,000 after buying an additional 3,225 shares during the period. 94.27% of the stock is currently owned by institutional investors.
Criteo News Summary
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 Company Profile
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.
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