Criteo S.A. (NASDAQ:CRTO) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Criteo S.A. (NASDAQ:CRTO – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $39.44.

A number of equities analysts have weighed in on CRTO shares. JPMorgan Chase & Co. increased their price target on shares of Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Susquehanna increased their price target on shares of Criteo from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. DA Davidson raised their target price on shares of Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of Criteo in a research note on Tuesday, April 30th. Finally, KeyCorp raised their target price on shares of Criteo from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st.

View Our Latest Research Report on Criteo

Criteo Stock Up 2.6 %

NASDAQ:CRTO opened at $40.00 on Wednesday. The company has a market cap of $2.27 billion, a P/E ratio of 41.24 and a beta of 0.99. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $40.13. The firm’s 50 day moving average is $37.43 and its two-hundred day moving average is $33.05.

Criteo (NASDAQ:CRTO – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. The company had revenue of $253.89 million for the quarter, compared to the consensus estimate of $246.10 million. Criteo had a net margin of 2.96% and a return on equity of 12.33%. Research analysts forecast that Criteo will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Till Hufnagel purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $37.67 per share, with a total value of $226,020.00. Following the purchase, the insider now directly owns 1,777,425 shares of the company’s stock, valued at approximately $66,955,599.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Till Hufnagel purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $37.67 per share, with a total value of $226,020.00. Following the purchase, the insider now directly owns 1,777,425 shares of the company’s stock, valued at approximately $66,955,599.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now directly owns 327,232 shares in the company, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. Insiders have sold 41,672 shares of company stock valued at $1,561,239 in the last quarter. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after acquiring an additional 297 shares in the last quarter. Cetera Advisors LLC acquired a new position in Criteo during the 1st quarter worth $424,000. Quadrature Capital Ltd acquired a new position in Criteo during the 1st quarter worth $213,000. Bessemer Group Inc. grew its holdings in Criteo by 5.2% during the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock worth $484,000 after acquiring an additional 682 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Criteo during the 1st quarter worth $231,000. 94.27% of the stock is owned by institutional investors and hedge funds.

About Criteo

(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.

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