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

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

Several analysts have recently weighed in on CRTO shares. BMO Capital Markets raised 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. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Benchmark reissued a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. Wells Fargo & Company raised their price target on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $61.00 price target (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th.

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction on Friday, December 13th. The shares were sold at an average price of $42.54, for a total transaction of $118,814.22. Following the transaction, the insider now directly owns 115,646 shares of the company’s stock, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the transaction, the chief executive officer now directly owns 488,229 shares in the company, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,156 shares of company stock valued at $1,243,028 over the last three months. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in shares of Criteo by 7.0% during the fourth quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider’s stock worth $240,322,000 after acquiring an additional 399,977 shares during the period. DnB Asset Management AS raised its holdings in shares of Criteo by 0.5% during the fourth quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider’s stock worth $213,903,000 after acquiring an additional 28,536 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Criteo by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock worth $150,208,000 after acquiring an additional 1,052,126 shares during the period. Senvest Management LLC raised its holdings in shares of Criteo by 25.7% during the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock worth $143,978,000 after acquiring an additional 743,695 shares during the period. Finally, Cadian Capital Management LP raised its holdings in shares of Criteo by 38.2% during the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider’s stock worth $102,236,000 after acquiring an additional 713,785 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Trading Down 2.8 %

NASDAQ CRTO opened at $36.66 on Monday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 21.82 and a beta of 0.98. The company has a 50 day moving average of $39.92 and a 200-day moving average of $40.79. Criteo has a 1-year low of $32.71 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping 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, analysts forecast that Criteo will post 3.09 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.