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

Shares of Criteo S.A. (NASDAQ:CRTO) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $50.11.

A number of research analysts recently commented on CRTO shares. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. DA Davidson raised shares of Criteo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $58.00 in a research report on Tuesday, August 6th. Morgan Stanley boosted their price objective on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Macquarie boosted their price objective on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Criteo Price Performance

Criteo stock opened at $40.28 on Friday. The firm’s 50 day simple moving average is $44.39 and its 200-day simple moving average is $40.10. The company has a market cap of $2.28 billion, a P/E ratio of 41.53 and a beta of 0.99. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last released its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, analysts expect that Criteo will post 2.8 EPS for the current fiscal year.

Insider Transactions at Criteo

In other news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the sale, the chief financial officer now directly owns 320,201 shares in the company, valued at approximately $14,565,943.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Criteo

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares during the last quarter. USA Financial Formulas acquired a new position in Criteo during the 3rd quarter valued at $31,000. Mather Group LLC. acquired a new position in Criteo during the 1st quarter valued at $48,000. EverSource Wealth Advisors LLC raised its stake in Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Covestor Ltd raised its stake in Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.