Leading equities research firm DA Davidson has released its projections for Criteo’s upcoming third-quarter earnings, providing crucial insights for investors tracking the information services provider.
Analyst T. White from DA Davidson forecasts Criteo to achieve earnings of $0.71 per share for the quarter, upholding a ‘Buy’ rating and setting a $38.00 price objective on the stock. This outlook stands against a broader consensus estimate of $3.09 per share for Criteo’s current full-year earnings, shaping expectations for the company’s financial trajectory.
Criteo previously reported its quarterly earnings for the period ending July 30th, exceeding analyst expectations with $0.92 earnings per share, significantly surpassing the consensus estimate of $0.70. This strong performance demonstrated the company’s operational efficiency and ability to outperform projections.
The information services provider also showcased robust revenue figures, reporting $292.00 million for the quarter against a consensus estimate of $274.62 million, marking a 2.5% year-over-year growth in revenue. Furthermore, Criteo maintains a healthy financial profile with a return on equity of 17.06% and a net margin of 7.10%, indicators of its profitability and effective management.
Examining Criteo’s market presence, the stock opened at $23.50, demonstrating a trading range with a 12-month low of $22.43 and a high of $49.93. The company boasts a market capitalization of $1.36 billion, coupled with a PE ratio of 9.83 and a beta of 0.43, reflecting its valuation and volatility within the market.
Recent insider trading activities reveal movements in Criteo shares, with significant sales reported by company executives. One insider sold 1,263 shares for over $32,000, while the CFO sold 1,520 shares totaling nearly $40,000. These transactions, publicly disclosed, reflect minor adjustments in insider holdings, indicating a slight decrease in their positions.
Institutional investors and hedge funds have notably adjusted their stakes in Criteo. Firms like Senvest Management LLC and Cadian Capital Management LP substantially increased their holdings, acquiring hundreds of thousands of additional shares. Similarly, Schroder Investment Management Group, Alliancebernstein L.P., and ANTIPODES PARTNERS Ltd also significantly boosted their positions, highlighting growing confidence among large institutional players in Criteo’s future prospects. Currently, a substantial 94.27% of the company’s stock is held by these entities.
Criteo S.A. operates as a technology company offering marketing and monetization services across the open Internet globally. A core component of their strategy is the Criteo Shopper Graph, which leverages proprietary commerce data from clients, including transaction activity, to enhance their digital advertising solutions. This innovative approach underscores Criteo’s position in the digital advertising landscape.
