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

Shares of Criteo S.A. (NASDAQ:CRTOGet Rating) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $40.00.

Several research analysts have weighed in on CRTO shares. Morgan Stanley decreased their price objective on shares of Criteo from $37.00 to $32.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Berenberg Bank reduced their price target on shares of Criteo from $58.50 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. DA Davidson restated a “neutral” rating and issued a $31.00 price target (down from $47.00) on shares of Criteo in a research report on Thursday, August 4th. Benchmark reduced their price target on shares of Criteo from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Criteo from $40.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th.

Criteo Price Performance

Shares of CRTO stock opened at $28.05 on Thursday. The firm has a market cap of $1.70 billion, a P/E ratio of 13.29 and a beta of 0.86. Criteo has a 1-year low of $20.56 and a 1-year high of $43.49. The firm has a fifty day moving average of $26.59 and a two-hundred day moving average of $25.95.

Criteo (NASDAQ:CRTOGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The information services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.14. The company had revenue of $215.00 million during the quarter, compared to analyst estimates of $219.24 million. Criteo had a net margin of 6.22% and a return on equity of 14.19%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. On average, sell-side analysts expect that Criteo will post 2.38 EPS for the current year.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 3,641 shares of Criteo stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $29.61, for a total value of $107,810.01. Following the sale, the chief executive officer now directly owns 404,208 shares in the company, valued at approximately $11,968,598.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Criteo news, insider Ryan Damon sold 15,000 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $28.57, for a total transaction of $428,550.00. Following the sale, the insider now directly owns 152,122 shares in the company, valued at approximately $4,346,125.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Megan Clarken sold 3,641 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $29.61, for a total transaction of $107,810.01. Following the sale, the chief executive officer now owns 404,208 shares in the company, valued at $11,968,598.88. The disclosure for this sale can be found here. Insiders have sold a total of 18,681 shares of company stock worth $537,294 in the last ninety days. 0.89% of the stock is owned by insiders.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. raised its position in shares of Criteo by 23.9% during the 2nd quarter. Assetmark Inc. now owns 3,249 shares of the information services provider’s stock worth $79,000 after buying an additional 627 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Criteo by 59.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,405 shares of the information services provider’s stock worth $132,000 after purchasing an additional 2,017 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Criteo in the 2nd quarter worth approximately $206,000. FDx Advisors Inc. acquired a new position in shares of Criteo in the 1st quarter worth approximately $241,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Criteo in the 4th quarter worth approximately $253,000. 90.24% of the stock is currently owned by institutional investors.

Criteo Company Profile

(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.

See Also

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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