Analysts Set Criteo S.A. (NASDAQ:CRTO) Price Target at $49.80

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $49.80.

Several research firms have recently weighed in on CRTO. StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Morgan Stanley raised their price objective on Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. BMO Capital Markets raised their price objective on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Susquehanna raised their target price on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,496 shares of Criteo 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 sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Criteo in the first quarter worth about $48,000. EverSource Wealth Advisors LLC lifted its position in shares of Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares during the last quarter. Covestor Ltd lifted its position in shares of Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after purchasing an additional 1,823 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $46.74 on Thursday. The stock has a fifty day moving average price of $43.15 and a two-hundred day moving average price of $38.15. The firm has a market cap of $2.65 billion, a P/E ratio of 48.19 and a beta of 0.99. Criteo has a 1 year low of $22.10 and a 1 year high of $49.93.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The firm had revenue of $471.31 million during the quarter, compared to analyst estimates of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, research analysts predict that Criteo will post 2.26 earnings per share 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.