Brokerages Set Criteo S.A. (NASDAQ:CRTO) Price Target at $49.80

Shares of Criteo S.A. (NASDAQ:CRTO) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.80.

A number of equities analysts have issued reports on CRTO shares. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Macquarie raised their price target on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Benchmark increased their target price on Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley boosted their price target on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd.

Criteo Trading Up 0.9 %

Shares of NASDAQ:CRTO opened at $49.30 on Thursday. Criteo has a 12-month low of $22.10 and a 12-month high of $49.66. The firm has a market cap of $2.79 billion, a PE ratio of 50.82 and a beta of 0.99. The company has a fifty day simple moving average of $42.41 and a 200 day simple moving average of $37.81.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The business had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. During the same period last year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts forecast that Criteo will post 2.26 EPS for the current fiscal year.

Insider Activity

In other news, insider Ryan Damon sold 1,102 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $38.94, for a total transaction of $42,911.88. Following the completion of the sale, the insider now directly owns 152,521 shares of the company’s stock, valued at $5,939,167.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Ryan Damon sold 1,102 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $38.94, for a total transaction of $42,911.88. Following the sale, the insider now owns 152,521 shares in the company, valued at $5,939,167.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the transaction, the chief financial officer now owns 320,201 shares in the company, valued at $14,565,943.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,088 shares of company stock worth $506,706. Insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Several institutional investors have recently made changes to their positions in CRTO. BNP Paribas Financial Markets increased its stake in shares of Criteo by 85.6% in the fourth quarter. BNP Paribas Financial Markets now owns 162,167 shares of the information services provider’s stock worth $4,106,000 after acquiring an additional 74,774 shares during the last quarter. Jump Financial LLC grew its stake in Criteo by 136.0% in the fourth quarter. Jump Financial LLC now owns 55,200 shares of the information services provider’s stock valued at $1,398,000 after purchasing an additional 31,807 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Criteo by 7.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock worth $287,000 after purchasing an additional 822 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Criteo during the 4th quarter worth about $660,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Criteo during the 4th quarter valued at about $1,580,000. 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.