Ryan Damon Sells 6,178 Shares of Criteo (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 6,178 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $106,446.94. Following the transaction, the insider owned 167,765 shares in the company, valued at $2,890,590.95. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Stock Performance

NASDAQ:CRTO traded up $0.78 during mid-day trading on Friday, hitting $18.36. The stock had a trading volume of 422,078 shares, compared to its average volume of 459,103. Criteo S.A. has a twelve month low of $15.57 and a twelve month high of $25.29. The stock has a market cap of $922.41 million, a price-to-earnings ratio of 9.32 and a beta of 0.29. The company’s 50 day simple moving average is $19.70 and its 200 day simple moving average is $18.76.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The firm had revenue of $428.02 million for the quarter, compared to the consensus estimate of $263.40 million. Criteo had a return on equity of 14.30% and a net margin of 5.60%.The business’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. As a group, equities analysts forecast that Criteo S.A. will post 3.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRTO has been the topic of a number of research analyst reports. Benchmark dropped their price target on Criteo from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company reissued an “equal weight” rating and issued a $18.00 price objective (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Wedbush assumed coverage on shares of Criteo in a research note on Thursday, July 16th. They set an “outperform” rating and a $30.00 target price for the company. Citigroup reaffirmed a “buy” rating on shares of Criteo in a report on Tuesday, July 7th. Finally, Stifel Nicolaus decreased their price target on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Criteo has a consensus rating of “Hold” and a consensus price target of $23.15.

Institutional Investors Weigh In On Criteo

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Criteo in the second quarter valued at about $30,000. Jones Financial Companies Lllp increased its position in 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 acquiring an additional 1,184 shares during the period. WealthCollab LLC increased its position in 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 acquiring an additional 817 shares during the period. Rockefeller Capital Management L.P. raised 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 worth $30,000 after purchasing an additional 940 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.