Key Points
- CEO Michael Komasinski sold 1,656 Criteo shares for approximately $28,616 at an average price of $17.28, reducing his direct holdings by 0.48% to 343,891 shares. The sale was made to cover tax obligations related to vested equity awards.
- Criteo shares opened at $17.65, below their 50-day and 200-day moving averages, with a 12-month range of $15.57 to $25.29. The company recently reported quarterly EPS of $0.80, beating estimates of $0.71, although revenue declined 11.3% year over year.
- Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $22.65. Institutional investors own approximately 94.27% of Criteo’s stock.
Criteo S.A. (NASDAQ:CRTO - Get Free Report) insider Ryan Damon sold 789 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $17.28, for a total value of $13,633.92. Following the completion of the transaction, the insider owned 164,844 shares of the company's stock, valued at $2,848,504.32. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Ryan Damon also recently made the following trade(s):
- On Thursday, August 6th, Ryan Damon sold 6,178 shares of Criteo stock. The stock was sold at an average price of $17.23, for a total transaction of $106,446.94.
Criteo Price Performance
Shares of Criteo stock opened at $17.65 on Tuesday. The firm has a market capitalization of $864.85 million, a PE ratio of 8.96 and a beta of 0.29. The company's fifty day moving average price is $19.72 and its two-hundred day moving average price is $18.55. Criteo S.A. has a 52-week low of $15.57 and a 52-week high of $25.29.
Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. The company had revenue of $428.02 million during the quarter, compared to analysts' expectations of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The business's revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. Analysts predict that Criteo S.A. will post 2.66 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Criteo
A number of large investors have recently bought and sold shares of the business. Morgan Stanley increased its holdings in Criteo by 21.6% during the 4th quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider's stock valued at $97,357,000 after purchasing an additional 838,523 shares in the last quarter. Millennium Management LLC raised its position in Criteo by 226.7% in the 3rd quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider's stock valued at $24,803,000 after purchasing an additional 761,565 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Criteo in the third quarter worth $11,926,000. Nierenberg Investment Management Company LLC grew its holdings in shares of Criteo by 109.2% during the fourth quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider's stock worth $18,320,000 after purchasing an additional 463,929 shares during the last quarter. Finally, Pillsbury Lake Capital LLC bought a new stake in shares of Criteo during the fourth quarter worth $9,486,000. 94.27% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Zacks Research cut shares of Criteo from a "hold" rating to a "strong sell" rating in a research note on Monday, August 24th. Wedbush lowered their price objective on Criteo from $30.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. Citigroup reissued a "buy" rating on shares of Criteo in a report on Friday, August 14th. Sanford C. Bernstein lowered Criteo from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $35.00 to $20.50 in a research note on Thursday, August 6th. Finally, 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. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Criteo has an average rating of "Hold" and an average target price of $22.65.
Get Our Latest Report on CRTO
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
