Analysts Set Criteo S.A. (NASDAQ:CRTO) Price Target at $27.94

Criteo S.A. (NASDAQ:CRTO) has received an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $27.9444.

A number of analysts have recently issued reports on the company. Susquehanna set a $18.00 price objective on Criteo in a research report on Thursday, February 12th. Stifel Nicolaus lowered their price objective on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 price objective (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. DA Davidson set a $28.50 price target on Criteo in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein set a $43.00 price target on Criteo in a research note on Thursday, February 12th.

Criteo Stock Up 2.5%

Shares of NASDAQ CRTO opened at $17.73 on Wednesday. The business’s 50 day moving average is $17.97 and its two-hundred day moving average is $18.86. The company has a market cap of $884.02 million, a P/E ratio of 8.29 and a beta of 0.32. Criteo has a 12 month low of $15.57 and a 12 month high of $26.98.

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

Insiders Place Their Bets

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the acquisition, the director owned 26,600 shares of the company’s stock, valued at $473,746. This trade represents a 23.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total value of $42,052.90. Following the completion of the sale, the chief financial officer owned 431,879 shares of the company’s stock, valued at $7,367,855.74. This represents a 0.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Large investors have recently modified their holdings of the business. WealthCollab LLC increased its holdings in shares of Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after acquiring an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Criteo by 185.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after buying an additional 940 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Criteo during the second quarter worth about $30,000. Jones Financial Companies Lllp boosted its position in shares of Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after buying an additional 1,184 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after buying an additional 1,222 shares during the period. 94.27% of the stock is currently owned by institutional investors.

About Criteo

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.