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

Criteo S.A. (NASDAQ:CRTOGet Rating) has been given a consensus rating of “Buy” by the ten brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $46.86.

CRTO has been the topic of a number of research reports. Morgan Stanley dropped their price objective on Criteo from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 29th. Zacks Investment Research upgraded Criteo from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. Benchmark initiated coverage on Criteo in a report on Tuesday, March 1st. They issued a “buy” rating and a $45.00 price objective on the stock. TheStreet downgraded Criteo from a “b” rating to a “c+” rating in a report on Wednesday, April 27th. Finally, StockNews.com began coverage on Criteo in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

Shares of CRTO traded up $0.32 during trading hours on Friday, reaching $26.60. The company’s stock had a trading volume of 1,598 shares, compared to its average volume of 385,927. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 12.76 and a beta of 0.95. Criteo has a 1-year low of $23.41 and a 1-year high of $46.65. The company has a 50 day moving average of $26.18 and a two-hundred day moving average of $32.74.

Criteo (NASDAQ:CRTOGet Rating) last issued its earnings results on Wednesday, May 4th. The information services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $217.00 million for the quarter, compared to the consensus estimate of $217.80 million. Criteo had a return on equity of 14.35% and a net margin of 5.97%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Equities research analysts anticipate that Criteo will post 2.43 earnings per share for the current fiscal year.

In other news, CEO Megan Clarken sold 2,339 shares of the stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $26.37, for a total value of $61,679.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,654 shares of company stock valued at $71,358 over the last three months. 1.39% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in Criteo by 6,496.9% in the first quarter. BNP Paribas Arbitrage SA now owns 103,374 shares of the information services provider’s stock worth $2,816,000 after purchasing an additional 101,807 shares during the period. Nomura Holdings Inc. lifted its position in Criteo by 113.5% in the first quarter. Nomura Holdings Inc. now owns 156,276 shares of the information services provider’s stock worth $4,224,000 after purchasing an additional 83,079 shares during the period. Weiss Multi Strategy Advisers LLC lifted its position in Criteo by 45.4% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 479,208 shares of the information services provider’s stock worth $13,054,000 after purchasing an additional 149,670 shares during the period. Cannell Capital LLC lifted its position in Criteo by 28.0% in the first quarter. Cannell Capital LLC now owns 635,990 shares of the information services provider’s stock worth $17,324,000 after purchasing an additional 139,131 shares during the period. Finally, KB Financial Partners LLC lifted its position in Criteo by 32.3% in the first quarter. KB Financial Partners LLC now owns 10,926 shares of the information services provider’s stock worth $298,000 after purchasing an additional 2,667 shares during the period. 93.28% of the stock is owned by institutional investors.

About Criteo (Get Rating)

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and 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.

Read More

Analyst Recommendations for Criteo (NASDAQ:CRTO)

Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.