Wells Fargo & Company Issues Pessimistic Forecast for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO) had its price objective reduced by equities research analysts at Wells Fargo & Company from $15.00 to $14.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the information services provider’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 9.21% from the company’s current price.

Other research analysts have also issued reports about the company. Sanford C. Bernstein lowered Criteo from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $35.00 to $20.50 in a report on Thursday, August 6th. Benchmark reduced their target price on shares of Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. BMO Capital Markets set a $20.00 target price on shares of Criteo in a research report on Thursday, August 6th. Zacks Research raised shares of Criteo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Weiss Ratings cut shares of Criteo from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.35.

Criteo Stock Up 0.3%

Shares of CRTO traded up $0.04 during trading hours on Thursday, hitting $15.42. The company had a trading volume of 439,859 shares, compared to its average volume of 322,518. 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 business has a fifty day moving average of $15.95 and a 200-day moving average of $17.98. Criteo has a 12 month low of $13.95 and a 12 month high of $25.29.

Criteo (NASDAQ:CRTO) last announced its 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 the consensus estimate of $239.18 million. During the same period in the previous year, the firm posted $1.31 EPS. The business’s quarterly revenue was down 16.7% on a year-over-year basis. On average, equities analysts expect that Criteo will post 2.58 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRTO. QRG Capital Management Inc. boosted its stake 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 valued at $988,000 after buying an additional 7,352 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Criteo during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC raised 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 valued at $63,000 after acquiring an additional 1,314 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Criteo by 357.9% during the first quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock worth $74,000 after purchasing an additional 3,225 shares during the period. Finally, Janus Henderson Group PLC grew 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 worth $31,774,000 after purchasing an additional 77,145 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

More 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 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.