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

Criteo S.A. (NASDAQ:CRTO) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $50.11.

Several equities research analysts have recently weighed in on CRTO shares. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. BMO Capital Markets upped their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Susquehanna upped their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Macquarie upped their target price on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Criteo Stock Performance

Shares of CRTO stock opened at $40.28 on Friday. Criteo has a 52-week low of $22.10 and a 52-week high of $49.93. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 41.53 and a beta of 0.99. The firm has a fifty day moving average of $44.39 and a 200-day moving average of $40.10.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The business had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Criteo will post 2.8 earnings per share for the current year.

Insider Activity

In other news, CFO Sarah Js Glickman sold 5,496 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the transaction, the chief financial officer now owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Criteo by 67.3% in the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares during the period. USA Financial Formulas acquired a new stake in shares of Criteo in the 3rd quarter valued at approximately $31,000. Mather Group LLC. acquired a new stake in shares of Criteo in the 1st quarter valued at approximately $48,000. EverSource Wealth Advisors LLC raised its position in shares of Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the period. Finally, Covestor Ltd raised its position in shares of 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 acquiring an additional 718 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.