Criteo S.A. (NASDAQ:CRTO) Receives $36.11 Average PT from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have received a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $36.11.

CRTO has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Criteo from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a report on Friday, February 9th. Susquehanna raised their price objective on Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company raised Criteo from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $41.00 in a research note on Thursday, February 8th.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 3,622 shares of Criteo stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total transaction of $89,608.28. Following the transaction, the chief financial officer now owns 249,706 shares of the company’s stock, valued at $6,177,726.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Megan Clarken sold 23,331 shares of Criteo stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total transaction of $770,856.24. Following the transaction, the chief executive officer now owns 383,858 shares of the company’s stock, valued at $12,682,668.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 3,622 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total value of $89,608.28. Following the completion of the transaction, the chief financial officer now directly owns 249,706 shares in the company, valued at approximately $6,177,726.44. The disclosure for this sale can be found here. Insiders have sold a total of 86,725 shares of company stock valued at $2,827,082 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its position in Criteo by 1.9% in the fourth quarter. Neuberger Berman Group LLC now owns 5,734,460 shares of the information services provider’s stock worth $145,152,000 after purchasing an additional 108,101 shares during the last quarter. Cadian Capital Management LP boosted its position in Criteo by 70.4% in the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after purchasing an additional 1,751,511 shares during the last quarter. Senvest Management LLC boosted its position in Criteo by 20.1% in the third quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock worth $92,670,000 after purchasing an additional 531,546 shares during the last quarter. Acadian Asset Management LLC boosted its position in Criteo by 4.6% in the third quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock worth $62,853,000 after purchasing an additional 95,391 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in Criteo by 22.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock worth $29,847,000 after purchasing an additional 187,288 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Price Performance

Shares of CRTO opened at $35.42 on Friday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 39.80 and a beta of 0.95. The business has a 50-day moving average of $33.88 and a 200-day moving average of $28.63. Criteo has a 1 year low of $22.10 and a 1 year high of $36.62.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. The business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $300.35 million. Criteo had a return on equity of 10.42% and a net margin of 2.73%. As a group, sell-side analysts anticipate that Criteo will post 2.3 EPS for the current year.

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.