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

Shares of Criteo S.A. (NASDAQ:CRTOGet Free Report) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat reports. Four 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 analysts that have updated their coverage on the stock in the last year is $39.44.

A number of brokerages have issued reports on CRTO. TheStreet raised Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their target price on Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Susquehanna lifted their target price on Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. DA Davidson lifted their price objective on Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Criteo in a research report on Tuesday, April 30th.

Read Our Latest Research Report on CRTO

Criteo Price Performance

Shares of NASDAQ:CRTO opened at $38.26 on Friday. The business’s 50 day moving average price is $36.58 and its 200-day moving average price is $31.12. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 39.44 and a beta of 0.95. Criteo has a 1 year low of $22.10 and a 1 year high of $39.97.

Criteo (NASDAQ:CRTOGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. Criteo had a return on equity of 12.33% and a net margin of 2.96%. The company had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. On average, sell-side analysts expect that Criteo will post 2.26 earnings per share for the current year.

Insider Transactions at Criteo

In other news, 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 transaction, the chief executive officer now owns 552,933 shares in the company, valued at $19,352,655. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Criteo news, major shareholder Till Hufnagel acquired 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $37.67 per share, with a total value of $226,020.00. Following the transaction, the insider now owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total value of $191,975.00. Following the transaction, the chief executive officer now directly owns 552,933 shares of the company’s stock, valued at approximately $19,352,655. The disclosure for this sale can be found here. Insiders have sold 47,157 shares of company stock valued at $1,753,214 over the last three months. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in CRTO. Bessemer Group Inc. grew its stake in shares of Criteo by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after purchasing an additional 682 shares during the period. Covestor Ltd boosted its position in Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after buying an additional 718 shares during the last quarter. CenterBook Partners LP boosted its position in Criteo by 6.0% in the 3rd quarter. CenterBook Partners LP now owns 13,432 shares of the information services provider’s stock valued at $392,000 after buying an additional 766 shares during the last quarter. Sei Investments Co. boosted its position in Criteo by 0.8% in the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after buying an additional 768 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Criteo by 7.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock valued at $287,000 after buying an additional 822 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

About Criteo

(Get Free Report

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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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