Criteo S.A. (NASDAQ:CRTO - Free Report) - DA Davidson lowered their FY2024 earnings estimates for Criteo in a report issued on Wednesday, January 29th. DA Davidson analyst T. White now forecasts that the information services provider will post earnings of $2.82 per share for the year, down from their previous estimate of $2.84. DA Davidson currently has a "Buy" rating and a $53.00 target price on the stock. The consensus estimate for Criteo's current full-year earnings is $2.67 per share. DA Davidson also issued estimates for Criteo's Q4 2024 earnings at $1.18 EPS and FY2025 earnings at $3.38 EPS.
A number of other research firms also recently commented on CRTO. Susquehanna decreased their target price on Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. StockNews.com downgraded Criteo from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Benchmark restated a "buy" rating and issued a $51.00 price target on shares of Criteo in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Criteo from $66.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.89.
Read Our Latest Stock Report on Criteo
Criteo Stock Down 0.7 %
CRTO stock traded down $0.27 during mid-day trading on Thursday, hitting $38.01. The company had a trading volume of 407,322 shares, compared to its average volume of 400,266. The company has a 50-day moving average price of $40.19 and a 200 day moving average price of $41.59. Criteo has a 12-month low of $25.63 and a 12-month high of $49.93. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 25.85 and a beta of 1.06.
Hedge Funds Weigh In On Criteo
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Whale Rock Capital Management LLC grew its holdings in Criteo by 230.1% during the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider's stock worth $101,399,000 after acquiring an additional 1,756,507 shares in the last quarter. Congress Asset Management Co. purchased a new position in Criteo during the third quarter valued at approximately $48,653,000. Lord Abbett & CO. LLC raised its stake in Criteo by 42.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider's stock worth $74,567,000 after buying an additional 547,718 shares in the last quarter. Senvest Management LLC boosted its position in Criteo by 19.6% during the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock valued at $116,526,000 after acquiring an additional 475,530 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in shares of Criteo in the 2nd quarter valued at $11,059,000. Institutional investors own 94.27% of the company's stock.
Insider Buying and Selling at Criteo
In other Criteo news, CEO Megan Clarken sold 9,284 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $374,702.24. Following the completion of the sale, the chief executive officer now directly owns 509,145 shares of the company's stock, valued at $20,549,092.20. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,617 shares of company stock worth $787,141 over the last 90 days. Company insiders own 1.71% of the company's stock.
Criteo Company Profile
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Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.
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