DA Davidson Issues Pessimistic Estimate for Criteo Earnings

Criteo S.A. (NASDAQ:CRTO) – Equities researchers at DA Davidson lowered their FY2024 EPS estimates for Criteo in a report issued on Wednesday, January 29th. DA Davidson analyst T. White now anticipates that the information services provider will post earnings per share of $2.82 for the year, down from their prior estimate 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.

A number of other brokerages have also issued reports on CRTO. Wells Fargo & Company decreased their target price on shares of Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Benchmark reaffirmed a “buy” rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th. Susquehanna cut their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.89.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $38.27 on Thursday. Criteo has a 1 year low of $25.63 and a 1 year high of $49.93. The firm’s 50 day moving average price is $40.19 and its 200 day moving average price is $41.59. The firm has a market cap of $2.11 billion, a P/E ratio of 26.03 and a beta of 1.06.

Insider Activity

In other Criteo news, insider Brian Gleason sold 3,135 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares of the company’s stock, valued at $5,139,190.75. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan Damon sold 2,793 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the transaction, the insider now directly owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,617 shares of company stock valued at $787,141. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. USA Financial Formulas acquired a new position in Criteo during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC acquired a new position in Criteo during the 3rd quarter valued at about $50,000. GAMMA Investing LLC raised its position in shares of Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Criteo by 312.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after buying an additional 2,500 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Criteo by 99.5% during the 3rd quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after buying an additional 1,840 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.