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

Criteo S.A. (NASDAQ:CRTOGet Rating) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $37.29.

CRTO has been the subject of several research analyst reports. Citigroup initiated coverage on Criteo in a research note on Tuesday, December 13th. They set a “buy” rating and a $36.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Criteo from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, October 25th. Morgan Stanley upped their price target on Criteo from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 18th. Finally, StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Monday, December 12th.

Insider Activity

In other news, CFO Sarah Js Glickman sold 5,654 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $28.95, for a total value of $163,683.30. Following the completion of the sale, the chief financial officer now owns 198,074 shares in the company, valued at $5,734,242.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Ryan Damon sold 4,500 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $26.01, for a total value of $117,045.00. Following the completion of the sale, the insider now owns 144,348 shares in the company, valued at $3,754,491.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sarah Js Glickman sold 5,654 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $28.95, for a total value of $163,683.30. Following the completion of the sale, the chief financial officer now owns 198,074 shares of the company’s stock, valued at approximately $5,734,242.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,899 shares of company stock worth $511,879. 0.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

A number of hedge funds have recently bought and sold shares of the business. DNB Asset Management AS grew its stake in Criteo by 3.2% during the 4th quarter. DNB Asset Management AS now owns 5,505,480 shares of the information services provider’s stock valued at $143,473,000 after purchasing an additional 170,968 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Criteo by 2.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,330,742 shares of the information services provider’s stock valued at $143,985,000 after purchasing an additional 124,237 shares in the last quarter. Senvest Management LLC grew its stake in Criteo by 11.1% during the 3rd quarter. Senvest Management LLC now owns 2,073,922 shares of the information services provider’s stock valued at $56,058,000 after purchasing an additional 206,900 shares in the last quarter. Dendur Capital LP grew its stake in Criteo by 7.0% during the 3rd quarter. Dendur Capital LP now owns 1,499,337 shares of the information services provider’s stock valued at $40,527,000 after purchasing an additional 97,517 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in Criteo by 0.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 964,531 shares of the information services provider’s stock valued at $26,071,000 after purchasing an additional 5,275 shares in the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

Criteo Trading Down 0.9 %

NASDAQ CRTO opened at $29.00 on Wednesday. The business’s 50-day moving average price is $26.66 and its 200 day moving average price is $26.34. Criteo has a twelve month low of $20.56 and a twelve month high of $36.94. The company has a market capitalization of $1.75 billion, a PE ratio of 15.76 and a beta of 0.80.

Criteo (NASDAQ:CRTOGet Rating) last released its earnings results on Friday, October 28th. The information services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.07). Criteo had a return on equity of 13.20% and a net margin of 5.60%. The business had revenue of $213.38 million for the quarter, compared to analysts’ expectations of $221.46 million. Equities analysts predict that Criteo will post 1.86 EPS for the current year.

Criteo Company Profile

(Get Rating)

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and 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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