Criteo S.A. Expected to Post Q3 2024 Earnings of $0.69 Per Share (NASDAQ:CRTO)

Criteo S.A. (NASDAQ:CRTO) – Research analysts at DA Davidson issued their Q3 2024 earnings per share estimates for Criteo in a research note issued on Wednesday, August 7th. DA Davidson analyst T. White anticipates that the information services provider will post earnings per share of $0.69 for the quarter. DA Davidson has a “Buy” rating and a $58.00 price objective on the stock. The consensus estimate for Criteo’s current full-year earnings is $2.26 per share. DA Davidson also issued estimates for Criteo’s FY2024 earnings at $3.16 EPS and FY2025 earnings at $3.45 EPS.

A number of other analysts have also issued reports on CRTO. Benchmark lifted their price target on Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets lifted their target price on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. Morgan Stanley lifted their target price on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Macquarie boosted their price objective on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.80.

Criteo Trading Up 1.8 %

Shares of CRTO opened at $47.72 on Friday. Criteo has a 12 month low of $22.10 and a 12 month high of $49.00. The stock’s 50 day moving average is $40.25 and its two-hundred day moving average is $36.23. The firm has a market cap of $2.71 billion, a P/E ratio of 49.20 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The company had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. During the same period last year, the company earned $0.12 earnings per share. Criteo’s quarterly revenue was up .5% compared to the same quarter last year.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the completion of the transaction, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Sarah Js Glickman sold 5,496 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the completion of the transaction, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Till Hufnagel sold 1,540 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $37.07, for a total value of $57,087.80. Following the transaction, the insider now directly owns 1,759,275 shares of the company’s stock, valued at $65,216,324.25. The disclosure for this sale can be found here. Insiders sold 20,003 shares of company stock valued at $812,355 in the last three months. 1.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cadian Capital Management LP boosted its position in shares of Criteo by 70.4% during the 4th quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after acquiring an additional 1,751,511 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Criteo by 0.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock valued at $76,972,000 after purchasing an additional 6,698 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Criteo by 3.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after purchasing an additional 37,364 shares during the period. Orchard Capital Management LLC boosted its position in shares of Criteo by 3.2% in the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock valued at $11,493,000 after purchasing an additional 14,281 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Criteo by 23.3% in the 1st quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock valued at $7,014,000 after purchasing an additional 37,844 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

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.