Criteo S.A. (NASDAQ:CRTO) Stock Rated “Hold” by Wall Street Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have been given an average recommendation of “Hold” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.65.

Several brokerages have recently weighed in on CRTO. Sanford C. Bernstein cut shares of Criteo from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $35.00 to $20.50 in a research note on Thursday, August 6th. Morgan Stanley decreased their price objective on Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a report on Friday, July 17th. Benchmark cut their price target on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, BMO Capital Markets set a $20.00 price objective on Criteo in a report on Thursday, August 6th.

Criteo Trading Down 2.4%

Shares of CRTO opened at $15.35 on Tuesday. The stock’s 50-day moving average price is $17.03 and its two-hundred day moving average price is $18.22. Criteo has a 1 year low of $14.28 and a 1 year high of $25.29. The stock has a market cap of $752.15 million, a P/E ratio of 7.79 and a beta of 0.29.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.09. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. During the same quarter in the previous year, the business earned $0.92 EPS. The firm’s revenue was down 11.3% on a year-over-year basis. As a group, equities analysts forecast that Criteo will post 2.58 EPS for the current year.

Insider Transactions at Criteo

In other Criteo news, insider Ryan Damon sold 6,178 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $17.23, for a total transaction of $106,446.94. Following the sale, the insider directly 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 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. Also, CEO Michael Komasinski sold 15,559 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $268,081.57. Following the sale, the chief executive officer directly owned 345,547 shares of the company’s stock, valued at approximately $5,953,774.81. This trade represents a 4.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 30,725 shares of company stock valued at $529,527. 1.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Criteo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Senvest Management LLC lifted its stake in Criteo by 4.5% in the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after buying an additional 200,000 shares during the period. Barometer Capital Management Inc. raised its holdings in shares of Criteo by 2,730.7% during the fourth quarter. Barometer Capital Management Inc. now owns 137,800 shares of the information services provider’s stock valued at $2,840,000 after purchasing an additional 132,932 shares during the period. Div Capital Phoenix Assets Ltd bought a new stake in Criteo in the 4th quarter valued at about $2,288,000. Arrowstreet Capital Limited Partnership increased its stake in Criteo by 10.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock valued at $17,484,000 after purchasing an additional 94,389 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Criteo by 47.2% during the first quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock valued at $4,411,000 after buying an additional 78,834 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

Criteo SA is a global commerce media company headquartered in Paris, France. The company provides technology that helps advertisers, retailers and publishers connect with consumers and measure the impact of digital marketing campaigns across the commerce journey.

Criteo’s platform supports retail media and performance marketing activities, including sponsored product placements, display and video advertising, audience activation, customer acquisition and campaign measurement. Its solutions are designed to use commerce data and artificial intelligence to help brands reach relevant audiences, while enabling retailers and publishers to generate advertising revenue.

Founded in 2005 by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli, Criteo serves clients across North America, Europe, Asia-Pacific and other international markets.