Criteo S.A. (NASDAQ:CRTO) Receives $52.90 Consensus Price Target from Brokerages

Shares of Criteo S.A. (NASDAQ:CRTO) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $52.90.

Several research firms recently weighed in on CRTO. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. DA Davidson lifted their target price on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. BMO Capital Markets increased their price target on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their target price on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $61.00 target price (up previously from $59.00) on shares of Criteo in a research note on Thursday, February 6th.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 13,823 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. The trade was a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the completion of the transaction, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock valued at $1,124,213 in the last 90 days. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vega Investment Solutions purchased a new position in Criteo in the fourth quarter worth about $41,000. Wells Fargo & Company MN lifted its stake in shares of Criteo by 53.2% in the 4th 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 during the period. Palumbo Wealth Management LLC purchased a new position in shares of Criteo in the fourth quarter worth approximately $208,000. Two Sigma Securities LLC bought a new stake in Criteo during the fourth quarter valued at approximately $210,000. Finally, Trexquant Investment LP purchased a new stake in Criteo during the fourth quarter valued at approximately $220,000. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Down 7.8 %

Shares of Criteo stock opened at $30.06 on Friday. The company’s fifty day simple moving average is $38.69 and its two-hundred day simple moving average is $39.39. Criteo has a 12-month low of $29.72 and a 12-month high of $49.93. The firm has a market cap of $1.74 billion, a PE ratio of 17.89 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Criteo will post 3.09 earnings per share for the current fiscal 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.