Criteo’s (CRTO) “Outperform” Rating Reiterated at Wedbush

by · The Markets Daily

Criteo (NASDAQ:CRTO – Get Free Report)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $30.00 target price on the information services provider’s stock. Wedbush’s price target would indicate a potential upside of 32.74% from the company’s current price.

CRTO has been the subject of a number of other reports. Morgan Stanley cut their target price 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. Benchmark decreased their price target on Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 price target (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Finally, Citigroup reiterated a “buy” rating on shares of Criteo in a research note on Tuesday, July 7th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.70.

View Our Latest Research Report on Criteo

Criteo Trading Up 0.9%

Shares of CRTO opened at $22.60 on Thursday. Criteo has a 12 month low of $15.57 and a 12 month high of $26.52. The firm’s 50 day moving average is $18.31 and its 200-day moving average is $18.69. The stock has a market capitalization of $1.14 billion, a PE ratio of 10.56 and a beta of 0.30.

Criteo (NASDAQ:CRTO – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $424.64 million during the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. Equities research analysts predict that Criteo will post 3.12 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of the company’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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Trading of Criteo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after buying an additional 1,184 shares during the last quarter. Invesco Ltd. grew its holdings in Criteo by 7.2% during the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after acquiring an additional 1,094 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Criteo by 145.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock valued at $10,372,000 after acquiring an additional 256,227 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Criteo by 41.6% during the second quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock worth $206,000 after purchasing an additional 2,524 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Criteo by 1.9% in the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after purchasing an additional 82,134 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

About Criteo

(Get Free Report)

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.

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