FY2024 Earnings Forecast for Criteo Issued By DA Davidson

Criteo S.A. (NASDAQ:CRTO - Free Report) - DA Davidson reduced their FY2024 earnings per share estimates for shares of Criteo in a report released on Thursday, October 31st. DA Davidson analyst T. White now anticipates that the information services provider will earn $3.01 per share for the year, down from their previous estimate of $3.16. 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 $2.80 per share. DA Davidson also issued estimates for Criteo's Q4 2024 earnings at $1.23 EPS and FY2025 earnings at $3.42 EPS.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a return on equity of 15.56% and a net margin of 4.52%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS.

Several other equities research analysts have also weighed in on CRTO. JPMorgan Chase & Co. increased their target price on Criteo from $40.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Morgan Stanley increased their target price on Criteo from $35.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 23rd. Benchmark reaffirmed a "buy" rating and issued a $56.00 target price on shares of Criteo in a research report on Thursday, October 10th. Wells Fargo & Company initiated coverage on Criteo in a research report on Monday, October 28th. They issued an "overweight" rating and a $70.00 target price on the stock. Finally, Susquehanna lowered their price target on Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.22.

Criteo Price Performance

Shares of CRTO stock traded up $0.96 on Monday, hitting $34.40. 503,828 shares of the stock traded hands, compared to its average volume of 365,756. Criteo has a 1-year low of $22.65 and a 1-year high of $49.93. The company's fifty day moving average is $41.98 and its 200 day moving average is $40.75. The company has a market capitalization of $1.93 billion, a PE ratio of 22.75 and a beta of 1.02.

Hedge Funds Weigh In On Criteo

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Criteo by 67.3% in the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock valued at $28,000 after purchasing an additional 297 shares during the period. USA Financial Formulas acquired a new position in shares of Criteo in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC acquired a new position in shares of Criteo in the 3rd quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its position in shares of Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider's stock valued at $53,000 after purchasing an additional 1,250 shares during the period. Finally, Covestor Ltd boosted its position in shares of Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider's stock valued at $64,000 after purchasing an additional 718 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the transaction, the chief financial officer now owns 313,398 shares of the company's stock, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Sarah Js Glickman sold 5,442 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the transaction, the chief financial officer now owns 313,398 shares of the company's stock, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now owns 146,470 shares of the company's stock, valued at $6,019,917. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.71% of the company's stock.

Criteo Company Profile

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.