Criteo S.A. (NASDAQ:CRTO) Receives $52.90 Average Price Target from Analysts

Criteo S.A. (NASDAQ:CRTO) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $52.90.

A number of research firms have issued reports on CRTO. Benchmark reaffirmed a “buy” rating and issued a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. Morgan Stanley lifted their target price on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. DA Davidson lifted their price target on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Susquehanna cut their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st.

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the completion of the transaction, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,845 shares of company stock valued at $1,795,516 in the last three months. Corporate insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Several institutional investors have recently modified their holdings of CRTO. Charles Schwab Investment Management Inc. lifted its holdings in shares of Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after purchasing an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC bought a new position in shares of Criteo in the 3rd quarter valued at approximately $1,405,000. Stifel Financial Corp raised its stake in shares of Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after acquiring an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. increased its position in Criteo by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after buying an additional 80,424 shares during the period. Finally, Barclays PLC increased its position in Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after buying an additional 1,787 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Down 0.6 %

Shares of NASDAQ:CRTO opened at $43.72 on Thursday. The business has a fifty day moving average of $40.48 and a two-hundred day moving average of $41.55. The stock has a market cap of $2.41 billion, a P/E ratio of 26.02 and a beta of 1.05. Criteo has a 52-week low of $30.76 and a 52-week high of $49.93.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Criteo will post 2.62 earnings per share for the current 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.