Criteo’s (CRTO) “Buy” Rating Reaffirmed at DA Davidson

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They currently have a $24.00 price target on the information services provider’s stock. DA Davidson’s price objective would suggest a potential upside of 44.84% from the company’s current price.

A number of other analysts have also issued reports on the stock. 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 research note on Wednesday, May 6th. Stifel Nicolaus dropped their price objective on shares of Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a report on Monday, April 13th. Morgan Stanley dropped their price objective on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, May 13th. Benchmark cut their target price on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.44.

Criteo Stock Down 5.0%

CRTO opened at $16.57 on Tuesday. Criteo has a 52 week low of $15.57 and a 52 week high of $26.52. The business has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $18.66. The firm has a market cap of $826.16 million, a P/E ratio of 7.74 and a beta of 0.32.

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

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s 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 $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of Criteo by 7.6% in the 4th quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 629 shares in the last quarter. WealthCollab LLC grew its stake 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 worth $25,000 after purchasing an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Criteo by 185.8% in the fourth 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 during the last quarter. US Bancorp DE increased its holdings in Criteo by 1.1% in the third quarter. US Bancorp DE now owns 90,517 shares of the information services provider’s stock valued at $2,046,000 after buying an additional 988 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Criteo by 7.2% in the second quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock valued at $391,000 after buying an additional 1,094 shares in the last quarter. Institutional investors and hedge funds 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.