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

Shares of Criteo S.A. (NASDAQ:CRTOGet Free Report) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One investment 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is $46.70.

Several research firms have weighed in on CRTO. Wells Fargo & Company reduced their target price on Criteo from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Susquehanna dropped their price target on Criteo from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets dropped their price target on Criteo from $60.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Finally, Stifel Nicolaus dropped their price target on Criteo from $61.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd.

Read Our Latest Research Report on CRTO

Criteo Trading Down 1.8%

Shares of Criteo stock opened at $23.48 on Wednesday. The stock’s fifty day simple moving average is $28.38 and its 200 day simple moving average is $35.27. The company has a market capitalization of $1.36 billion, a PE ratio of 9.54 and a beta of 0.51. Criteo has a 12 month low of $23.40 and a 12 month high of $49.93.

Criteo (NASDAQ:CRTOGet Free Report) last posted its 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 firm had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. Criteo had a return on equity of 18.21% and a net margin of 7.41%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. Analysts predict that Criteo will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 157,450 shares in the company, valued at $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ryan Damon sold 1,263 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total value of $32,989.56. Following the sale, the insider now owns 130,739 shares of the company’s stock, valued at approximately $3,414,902.68. This represents a 0.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,707 shares of company stock worth $351,786. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Criteo

A number of institutional investors have recently made changes to their positions in the company. Waterfront Wealth Inc. boosted its holdings in shares of Criteo by 0.7% during the fourth 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 period. TD Private Client Wealth LLC boosted its holdings in shares of Criteo by 21.4% during the first 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 period. Assetmark Inc. boosted its holdings in shares of Criteo by 9.9% during the fourth 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 period. Natixis Advisors LLC boosted its holdings in shares of Criteo by 5.9% during the first quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider’s stock worth $427,000 after acquiring an additional 672 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Criteo by 17.5% in the fourth 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 period. Institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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