FY2024 Earnings Estimate for Criteo Issued By DA Davidson

Criteo S.A. (NASDAQ:CRTO) – Investment analysts at DA Davidson lowered their FY2024 earnings per share estimates for Criteo in a note issued to investors 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 forecast 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 equities research analysts have also commented on CRTO. Susquehanna dropped their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, November 19th. Wells Fargo & Company dropped their target price on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com downgraded 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’s stock. Based on data from MarketBeat.com, Criteo presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

Criteo Stock Performance

Shares of CRTO stock opened at $37.98 on Thursday. Criteo has a 52 week low of $25.63 and a 52 week high of $49.93. The company’s 50 day moving average price is $40.17 and its two-hundred day moving average price is $41.57. The company has a market capitalization of $2.10 billion, a P/E ratio of 25.84 and a beta of 1.06.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently modified their holdings of CRTO. Whale Rock Capital Management LLC boosted its stake in shares of Criteo by 230.1% during the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after purchasing an additional 1,756,507 shares in the last quarter. Congress Asset Management Co. bought a new stake in Criteo during the 3rd quarter worth approximately $48,653,000. Lord Abbett & CO. LLC raised its stake in shares of Criteo by 42.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after acquiring an additional 547,718 shares during the last quarter. Senvest Management LLC lifted its holdings in shares of Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after purchasing an additional 475,530 shares during the period. Finally, Clearbridge Investments LLC bought a new stake in shares of Criteo in the second quarter worth $11,059,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Activity

In other news, insider Ryan Damon sold 2,885 shares of Criteo stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $116,438.60. Following the completion of the sale, the insider now owns 118,334 shares of the company’s stock, valued at approximately $4,775,960.24. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the sale, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,617 shares of company stock valued at $787,141. 1.71% of the stock is owned by company insiders.

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.