Criteo S.A. (NASDAQ:CRTO) Given Average Recommendation of “Hold” by Brokerages

Criteo S.A. (NASDAQ:CRTO) has been given an average recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.11.

A number of brokerages have commented on CRTO. Susquehanna boosted their price objective on shares of Criteo from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. TheStreet raised Criteo from a “c” rating to a “b-” rating in a report on Friday, February 9th. Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $28.00 to $41.00 in a report on Thursday, February 8th. BMO Capital Markets increased their target price on Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Finally, StockNews.com upgraded shares of Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th.

Criteo Stock Performance

Criteo stock opened at $35.61 on Friday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 40.01 and a beta of 0.95. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $36.75. The stock’s fifty day moving average is $33.95 and its two-hundred day moving average is $28.68.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $0.94 by $0.30. Criteo had a net margin of 2.73% and a return on equity of 10.42%. The firm had revenue of $316.38 million during the quarter, compared to analysts’ expectations of $300.35 million. As a group, sell-side analysts forecast that Criteo will post 2.3 EPS for the current fiscal year.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the completion of the transaction, the chief financial officer now owns 327,232 shares in the company, valued at approximately $11,584,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now directly owns 327,232 shares in the company, valued at approximately $11,584,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan Damon sold 7,959 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.69, for a total transaction of $260,179.71. Following the completion of the sale, the insider now directly owns 144,545 shares of the company’s stock, valued at $4,725,176.05. The disclosure for this sale can be found here. Insiders have sold a total of 88,607 shares of company stock worth $2,932,315 in the last three months. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Criteo

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. acquired a new position in shares of Criteo in the 3rd quarter worth approximately $33,000. Mather Group LLC. acquired a new position in Criteo in the first quarter worth approximately $48,000. Barometer Capital Management Inc. bought a new position in shares of Criteo in the fourth quarter valued at $119,000. FNY Investment Advisers LLC lifted its position in shares of Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock valued at $151,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Criteo by 13.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,528 shares of the information services provider’s stock worth $307,000 after acquiring an additional 1,248 shares in the last quarter. 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.