Criteo S.A. (NASDAQ:CRTO) Given Average Recommendation of “Moderate Buy” by Brokerages

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

A number of equities research analysts recently issued reports on CRTO shares. DA Davidson upped their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley upped their price objective on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. BMO Capital Markets upped their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company upped their price objective on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th.

Insider Buying and Selling at Criteo

In related news, insider Ryan Damon sold 2,793 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the sale, the insider now owns 115,646 shares in the company, valued at approximately $4,919,580.84. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the sale, the chief executive officer now owns 488,229 shares of the company’s stock, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,156 shares of company stock worth $1,243,028 over the last ninety days. Company insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently made changes to their positions in the stock. Vega Investment Solutions acquired a new position in Criteo in the fourth quarter worth about $41,000. Farther Finance Advisors LLC acquired a new position in Criteo in the third quarter worth about $50,000. Wells Fargo & Company MN raised its position in Criteo by 53.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock worth $166,000 after purchasing an additional 1,455 shares in the last quarter. Palumbo Wealth Management LLC acquired a new position in Criteo in the fourth quarter worth about $208,000. Finally, Two Sigma Securities LLC acquired a new position in Criteo in the fourth quarter worth about $210,000. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Down 2.8 %

Criteo stock opened at $36.66 on Monday. The company’s fifty day simple moving average is $39.92 and its 200-day simple moving average is $40.79. Criteo has a 12 month low of $32.71 and a 12 month high of $49.93. The stock has a market cap of $2.12 billion, a P/E ratio of 21.82 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. On average, equities research analysts expect that Criteo will post 3.09 earnings per share for the current fiscal 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.