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

Shares of Criteo S.A. (NASDAQ:CRTO) have earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $52.90.

CRTO has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley lifted their target price on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th.

Insider Buying and Selling

In other Criteo news, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares of the company’s stock, valued at $21,267,255.24. The trade was a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Gleason sold 1,924 shares of Criteo stock in a transaction on Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,363 shares of company stock valued at $1,124,213. Insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Several hedge funds have recently added to or reduced their stakes in CRTO. Whale Rock Capital Management LLC raised its stake in Criteo by 230.1% during the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after acquiring an additional 1,756,507 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock worth $150,208,000 after buying an additional 1,052,126 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock worth $39,348,000 after buying an additional 992,180 shares in the last quarter. Senvest Management LLC raised its stake in shares of Criteo by 25.7% in the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock worth $143,978,000 after buying an additional 743,695 shares in the last quarter. Finally, Cadian Capital Management LP raised its stake in shares of Criteo by 38.2% in the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider’s stock worth $102,236,000 after buying an additional 713,785 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

Shares of CRTO opened at $36.23 on Monday. Criteo has a one year low of $33.15 and a one year high of $49.93. The stock has a 50-day moving average price of $39.48 and a 200 day moving average price of $40.33. The company has a market capitalization of $2.09 billion, a P/E ratio of 21.57 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, equities research analysts forecast that Criteo will post 3.09 earnings per share for the current fiscal 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.