Criteo S.A. (NASDAQ:CRTO) Receives $52.90 Average Price Target from Analysts

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

A number of research firms have recently weighed in on CRTO. Morgan Stanley raised their price target on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Benchmark restated a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. BMO Capital Markets raised their price target on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company raised their price objective on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th.

Criteo Stock Up 4.1 %

Shares of Criteo stock opened at $36.23 on Monday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 21.57 and a beta of 0.98. Criteo has a 12-month low of $33.15 and a 12-month high of $49.93. The firm’s 50-day moving average price is $39.58 and its two-hundred day moving average price is $40.52.

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

Insiders Place Their Bets

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Gleason sold 3,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the transaction, the insider now owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is currently owned by insiders.

Institutional Trading of Criteo

Several hedge funds have recently modified their holdings of CRTO. Farther Finance Advisors LLC bought a new stake in shares of Criteo in the 3rd quarter valued at $50,000. QRG Capital Management Inc. increased its stake in shares of Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after acquiring an additional 518 shares in the last quarter. Assetmark Inc. increased its stake in shares of Criteo by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 424 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Criteo in the 3rd quarter valued at $250,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Criteo in the 3rd quarter valued at $441,000. Institutional investors own 94.27% of the company’s stock.

About Criteo

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.