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

Shares of Criteo S.A. (NASDAQ:CRTO) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.70.

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Wells Fargo & Company lowered their target price on shares of Criteo from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Susquehanna lowered their target price on shares of Criteo from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Criteo from $39.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Finally, Morgan Stanley lowered their target price on shares of Criteo from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan Damon sold 1,263 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the sale, the insider now directly owns 130,739 shares of the company’s stock, valued at approximately $3,414,902.68. This represents a 0.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,707 shares of company stock valued at $351,786. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of Criteo

A number of hedge funds and other institutional investors have recently modified their holdings of CRTO. Neuberger Berman Group LLC boosted its stake in Criteo by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 6,123,000 shares of the information services provider’s stock valued at $216,982,000 after acquiring an additional 47,005 shares during the last quarter. DnB Asset Management AS boosted its stake in Criteo by 1.9% in the first quarter. DnB Asset Management AS now owns 5,511,195 shares of the information services provider’s stock valued at $195,372,000 after acquiring an additional 104,138 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Criteo by 14.0% in the first quarter. Alliancebernstein L.P. now owns 4,329,854 shares of the information services provider’s stock valued at $153,320,000 after acquiring an additional 532,879 shares during the last quarter. Senvest Management LLC boosted its stake in Criteo by 25.7% in the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock valued at $143,978,000 after acquiring an additional 743,695 shares during the last quarter. Finally, Cadian Capital Management LP boosted its stake in Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider’s stock valued at $102,236,000 after acquiring an additional 713,785 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Price Performance

Criteo stock opened at $23.48 on Wednesday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 9.54 and a beta of 0.51. Criteo has a fifty-two week low of $23.40 and a fifty-two week high of $49.93. The firm has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $35.27.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. Criteo had a net margin of 7.41% and a return on equity of 18.21%. The company had revenue of $451.43 million for the quarter, compared to the consensus estimate of $259.86 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Criteo will post 3.09 earnings per share 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.