What is DA Davidson’s Estimate for Criteo FY2024 Earnings?

Criteo S.A. (NASDAQ:CRTO) – Equities research analysts at DA Davidson dropped their FY2024 earnings 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 of $2.82 per share for the year, down from their previous estimate of $2.84. DA Davidson has a “Buy” rating and a $53.00 price objective 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 have also recently issued research reports about the company. Susquehanna reduced their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Benchmark reiterated a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Finally, StockNews.com lowered shares of Criteo from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.89.

Criteo Price Performance

Shares of CRTO opened at $37.98 on Thursday. Criteo has a one year low of $25.63 and a one year high of $49.93. The company has a market cap of $2.10 billion, a PE ratio of 25.84 and a beta of 1.06. The stock has a 50-day moving average of $40.17 and a 200-day moving average of $41.57.

Insider Transactions at Criteo

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

Institutional Investors Weigh In On Criteo

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

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.