Criteo S.A. (NASDAQ:CRTO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $52.90.

A number of analysts recently issued reports on CRTO shares. Susquehanna dropped their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Morgan Stanley boosted their target price on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. StockNews.com raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. BMO Capital Markets boosted their price objective on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, DA Davidson upped their price objective on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th.

Insider Activity

In related news, CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the completion of the sale, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at $12,587,396.08. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the sale, the insider now owns 137,161 shares of the company’s stock, valued at $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,845 shares of company stock worth $1,795,516 over the last 90 days. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

A number of large investors have recently made changes to their positions in the company. Waterfront Wealth Inc. lifted its position in shares of Criteo by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock worth $1,945,000 after purchasing an additional 335 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Criteo by 8.2% during the 3rd 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. QRG Capital Management Inc. increased its stake 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 purchasing an additional 518 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after buying an additional 518 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after purchasing an additional 869 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 $44.30 on Thursday. Criteo has a 1 year low of $30.76 and a 1 year high of $49.93. The stock’s 50-day simple moving average is $40.60 and its 200-day simple moving average is $41.51. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 26.37 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, research analysts predict that Criteo will post 3.09 EPS for the current 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.