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

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $52.90.

CRTO has been the subject of several research reports. Morgan Stanley lifted their price target on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. DA Davidson lifted their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $61.00 price objective (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th.

Insider Transactions at Criteo

In other news, insider Brian Gleason sold 1,924 shares of Criteo stock in a transaction on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the sale, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares in the company, valued at $21,267,255.24. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,363 shares of company stock worth $1,124,213 in the last ninety days. Company insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vega Investment Solutions bought a new stake in Criteo in the 4th quarter valued at about $41,000. Two Sigma Advisers LP raised its stake in Criteo by 102.7% in the 4th quarter. Two Sigma Advisers LP now owns 564,000 shares of the information services provider’s stock valued at $22,312,000 after acquiring an additional 285,800 shares during the period. Two Sigma Investments LP raised its stake in Criteo by 17.3% in the 4th quarter. Two Sigma Investments LP now owns 360,616 shares of the information services provider’s stock valued at $14,266,000 after acquiring an additional 53,230 shares during the period. State of Wyoming raised its stake in Criteo by 15.5% in the 4th quarter. State of Wyoming now owns 17,509 shares of the information services provider’s stock valued at $693,000 after acquiring an additional 2,351 shares during the period. Finally, Quantedge Capital Pte Ltd raised its stake in Criteo by 16.9% in the 4th quarter. Quantedge Capital Pte Ltd now owns 273,700 shares of the information services provider’s stock valued at $10,828,000 after acquiring an additional 39,600 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Criteo Trading Up 4.1 %

NASDAQ CRTO opened at $36.23 on Monday. The company has a fifty day simple moving average of $39.58 and a 200 day simple moving average of $40.52. Criteo has a 12-month low of $33.15 and a 12-month high of $49.93. The company has a market cap of $2.09 billion, a P/E ratio of 21.57 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Criteo will post 3.09 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.