Criteo (NASDAQ:CRTO) Earns Buy Rating from DA Davidson

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a research note issued on Tuesday,Benzinga reports. They currently have a $24.00 price target on the information services provider’s stock. DA Davidson’s price objective indicates a potential upside of 4.07% from the company’s previous close.

CRTO has been the subject of a number of other research reports. Morgan Stanley reduced their price objective on Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Citigroup reaffirmed a “buy” rating on shares of Criteo in a research report on Tuesday. Stifel Nicolaus cut their price target on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Benchmark reduced their price target on Criteo from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Criteo has a consensus rating of “Hold” and an average price target of $27.44.

Criteo Trading Down 0.5%

CRTO stock traded down $0.11 during midday trading on Tuesday, reaching $23.06. The company had a trading volume of 288,617 shares, compared to its average volume of 442,978. Criteo has a 1 year low of $15.57 and a 1 year high of $26.52. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.83 and a beta of 0.30. The company has a 50 day moving average of $17.75 and a two-hundred day moving average of $18.54.

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

Insider Transactions at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was 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. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a 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. Corporate insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Criteo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. raised its position in shares of Criteo by 130.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider’s stock valued at $10,243,000 after purchasing an additional 281,699 shares during the period. Waterfront Wealth Inc. lifted its stake in shares of Criteo by 81.4% in the fourth quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock worth $2,868,000 after buying an additional 63,611 shares during the last quarter. VELA Investment Management LLC boosted its holdings in shares of Criteo by 28.2% during the 4th quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock worth $11,364,000 after buying an additional 121,242 shares during the period. Cannell Capital LLC bought a new stake in shares of Criteo during the 3rd quarter worth $7,425,000. Finally, King Luther Capital Management Corp grew its stake in Criteo by 79.9% in the 4th quarter. King Luther Capital Management Corp now owns 188,910 shares of the information services provider’s stock valued at $3,893,000 after buying an additional 83,910 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.