Criteo S.A. (NASDAQ:CRTO) Receives $50.11 Average PT from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $50.11.

A number of equities research analysts recently weighed in on CRTO shares. Morgan Stanley lifted their price objective 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. BMO Capital Markets upped their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. 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 upgraded Criteo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $58.00 in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Insider Activity

In related news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRTO. GAMMA Investing LLC raised its position in Criteo by 67.3% in the second 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 period. USA Financial Formulas acquired a new position in shares of Criteo in the third quarter valued at approximately $31,000. Mather Group LLC. purchased a new stake in Criteo during the 1st quarter worth approximately $48,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $53,000 after buying an additional 1,250 shares in the last quarter. Finally, Covestor Ltd boosted its position in Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after buying an additional 718 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Performance

NASDAQ:CRTO opened at $40.68 on Friday. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $49.93. The firm has a market capitalization of $2.31 billion, a PE ratio of 41.94 and a beta of 0.99. The stock’s fifty day moving average is $44.27 and its 200 day moving average is $40.21.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million during 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 quarter last year, the firm earned $0.12 earnings per share. Equities analysts forecast that Criteo will post 2.8 EPS for the current year.

Criteo Company Profile

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.