Ryan Damon Sells 789 Shares of Criteo (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 789 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $17.28, for a total value of $13,633.92. Following the sale, the insider directly owned 164,844 shares of the company’s stock, valued at approximately $2,848,504.32. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryan Damon also recently made the following trade(s):

• On Thursday, August 6th, Ryan Damon sold 6,178 shares of Criteo stock. The stock was sold at an average price of $17.23, for a total transaction of $106,446.94.

Criteo Stock Performance

CRTO opened at $17.41 on Wednesday. The firm has a market cap of $853.09 million, a P/E ratio of 8.84 and a beta of 0.28. The firm has a 50-day moving average of $19.72 and a 200 day moving average of $18.54. Criteo S.A. has a fifty-two week low of $15.57 and a fifty-two week high of $25.29.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. Equities research analysts predict that Criteo S.A. will post 2.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CRTO shares. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price target on shares of Criteo in a report on Tuesday, July 7th. Benchmark reduced their price objective on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Sanford C. Bernstein downgraded Criteo from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $35.00 to $20.50 in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Friday, July 17th. Finally, Huber Research cut Criteo from an “overweight” rating to an “underweight” rating in a research report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Criteo presently has an average rating of “Hold” and an average price target of $22.65.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently modified their holdings of the business. WealthCollab LLC lifted its stake in shares of Criteo by 147.5% during the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after buying an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. grew 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 valued at $30,000 after buying an additional 940 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Criteo in the 2nd quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its holdings in 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 valued at $45,000 after acquiring an additional 1,184 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $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.