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

Shares of Criteo S.A. (NASDAQ:CRTO) have received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $46.70.

Several analysts recently weighed in on CRTO shares. Morgan Stanley dropped their price target on Criteo from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. Wall Street Zen cut Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Wells Fargo & Company dropped their price target on Criteo from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Citigroup reiterated an “underperform” rating on shares of Criteo in a research report on Friday, April 25th. Finally, Susquehanna cut their target price on Criteo from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th.

Insider Activity

In other news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the transaction, the insider now owns 157,450 shares of the company’s stock, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Criteo

Institutional investors have recently modified their holdings of the business. Waterfront Wealth Inc. grew its position in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock worth $1,945,000 after acquiring an additional 335 shares during the last quarter. TD Private Client Wealth LLC grew its position in Criteo by 21.4% during the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider’s stock worth $85,000 after acquiring an additional 426 shares during the last quarter. Assetmark Inc. grew its position in Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock worth $244,000 after acquiring an additional 558 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Criteo by 5.9% in the 1st quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider’s stock valued at $427,000 after buying an additional 672 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Criteo by 17.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider’s stock valued at $258,000 after buying an additional 971 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Trading Down 0.8%

NASDAQ:CRTO opened at $26.29 on Friday. The stock has a market cap of $1.52 billion, a P/E ratio of 15.65 and a beta of 0.63. The stock has a 50 day simple moving average of $31.26 and a 200 day simple moving average of $36.80. Criteo has a 1-year low of $25.50 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million during the quarter, compared to analysts’ expectations of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. As a group, sell-side analysts forecast that Criteo will post 3.09 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.