Criteo S.A. (NASDAQ:CRTO) Given Average Rating of “Hold” by Brokerages

Criteo S.A. (NASDAQ:CRTO) has received a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $36.11.

A number of research firms recently commented on CRTO. JPMorgan Chase & Co. raised their price objective on shares of Criteo from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. BMO Capital Markets lifted their target price on shares of Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. DA Davidson lifted their target price on shares of Criteo from $27.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Susquehanna lifted their target price on shares of Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company raised shares of Criteo from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $41.00 in a research note on Thursday, February 8th.

Criteo Stock Performance

Criteo stock opened at $34.36 on Friday. The company has a 50 day moving average price of $33.82 and a 200 day moving average price of $28.59. Criteo has a 52 week low of $22.10 and a 52 week high of $36.00. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 38.61 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Criteo had a net margin of 2.73% and a return on equity of 10.42%. The firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $300.35 million. Equities analysts forecast that Criteo will post 2.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Megan Clarken sold 5,485 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.00, for a total transaction of $191,975.00. Following the transaction, the chief executive officer now owns 552,933 shares in the company, valued at approximately $19,352,655. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Sarah Js Glickman sold 9,653 shares of Criteo stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $315,556.57. Following the transaction, the chief financial officer now owns 293,019 shares in the company, valued at approximately $9,578,791.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 5,485 shares of Criteo stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the completion of the transaction, the chief executive officer now owns 552,933 shares in the company, valued at approximately $19,352,655. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,725 shares of company stock worth $2,827,082. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Criteo by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 47,745 shares of the information services provider’s stock worth $1,504,000 after purchasing an additional 352 shares during the last quarter. KB Financial Partners LLC grew its position in Criteo by 4.1% in the 2nd quarter. KB Financial Partners LLC now owns 9,542 shares of the information services provider’s stock worth $322,000 after purchasing an additional 372 shares during the last quarter. JPMorgan Chase & Co. grew its position in Criteo by 9.4% in the 4th quarter. JPMorgan Chase & Co. now owns 5,911 shares of the information services provider’s stock worth $154,000 after purchasing an additional 506 shares during the last quarter. Barclays PLC grew its position in Criteo by 6.3% in the 4th quarter. Barclays PLC now owns 9,614 shares of the information services provider’s stock worth $243,000 after purchasing an additional 568 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Criteo by 128.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,043 shares of the information services provider’s stock worth $33,000 after purchasing an additional 586 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

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.