Criteo S.A. (NASDAQ:CRTO) Receives Average Rating of “Moderate Buy” from Brokerages

Criteo S.A. (NASDAQ:CRTO) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $52.90.

A number of research analysts have recently issued reports on CRTO shares. Morgan Stanley boosted their target price on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets boosted their target price on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Stifel Nicolaus restated a “buy” rating and issued a $61.00 price target (up from $59.00) on shares of Criteo in a research note on Thursday, February 6th. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company upped their price objective on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 3,135 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the sale, the insider now directly owns 139,085 shares in the company, valued at $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 7,481 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares of the company’s stock, valued at $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRTO. Farther Finance Advisors LLC acquired a new stake in Criteo during the third quarter worth about $50,000. QRG Capital Management Inc. boosted its position in shares of Criteo by 3.5% in the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after buying an additional 518 shares during the period. Assetmark Inc. boosted its position in shares of Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after buying an additional 424 shares during the period. Atria Investments Inc purchased a new stake in shares of Criteo in the third quarter worth about $250,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Criteo in the third quarter worth about $441,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Trading Up 4.1 %

NASDAQ:CRTO opened at $36.23 on Monday. The firm has a market cap of $2.09 billion, a P/E ratio of 21.57 and a beta of 0.98. The stock’s 50 day simple moving average is $39.48 and its 200-day simple moving average is $40.33. Criteo has a 12-month low of $33.15 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Research analysts forecast that Criteo will post 3.09 EPS for the current fiscal year.

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.