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

Criteo S.A. (NASDAQ:CRTO) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $46.70.

CRTO has been the topic of several recent research reports. Susquehanna decreased their price target on Criteo from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. BMO Capital Markets cut their target price on Criteo from $60.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company cut their target price on Criteo from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus cut their target price on Criteo from $61.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their target price on Criteo from $39.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th.

Insider Transactions at Criteo

In other news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now owns 157,450 shares of the company’s stock, valued at $5,335,980.50. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vega Investment Solutions acquired a new stake in Criteo in the 4th quarter valued at approximately $41,000. Jones Financial Companies Lllp grew its stake in Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Criteo by 21.4% in the first quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider’s stock valued at $85,000 after purchasing an additional 426 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock worth $166,000 after acquiring an additional 1,455 shares during the period. Finally, Palumbo Wealth Management LLC bought a new position in shares of Criteo during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Down 0.8%

Criteo stock opened at $26.29 on Friday. The business’s 50-day simple moving average is $31.26 and its 200 day simple moving average is $36.80. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 15.65 and a beta of 0.63. Criteo has a 12-month low of $25.50 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million for the quarter, compared to analysts’ expectations of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. As a group, sell-side analysts expect that Criteo will post 3.09 EPS for the current year.

About Criteo

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.