DA Davidson Issues Pessimistic Estimate for Criteo Earnings

Criteo S.A. (NASDAQ:CRTO) – Equities researchers at DA Davidson reduced their FY2024 EPS estimates for Criteo in a research report issued on Wednesday, January 29th. DA Davidson analyst T. White now forecasts that the information services provider will earn $2.82 per share for the year, down from their previous forecast of $2.84. DA Davidson has a “Buy” rating and a $53.00 price target 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.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Susquehanna reduced their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. 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, StockNews.com downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Criteo Price Performance

CRTO stock opened at $38.27 on Thursday. Criteo has a 12 month low of $25.63 and a 12 month high of $49.93. The firm has a market cap of $2.11 billion, a PE ratio of 26.03 and a beta of 1.06. The firm has a 50 day simple moving average of $40.19 and a 200 day simple moving average of $41.59.

Institutional Trading of Criteo

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Criteo by 80.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after purchasing an additional 21,509 shares during the period. Seizert Capital Partners LLC bought a new stake in Criteo in the 3rd quarter valued at $1,405,000. Stifel Financial Corp boosted its holdings in Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after purchasing an additional 15,067 shares during the period. JPMorgan Chase & Co. boosted its holdings in Criteo by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after purchasing an additional 80,424 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares during the period. 94.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 3,135 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the sale, the insider now directly owns 139,085 shares of the company’s stock, valued at $5,139,190.75. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Megan Clarken sold 9,284 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction 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 approximately $20,549,092.20. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,617 shares of company stock valued at $787,141. Company insiders own 1.71% of the company’s stock.

About Criteo

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.