Criteo S.A. (NASDAQ:CRTO) Receives $46.70 Consensus Target Price from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) have received a consensus rating of "Hold" from the eleven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $46.70.

A number of research analysts have issued reports on CRTO shares. Morgan Stanley reduced their price objective on Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wall Street Zen downgraded Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, DA Davidson reduced their price objective on Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th.

Criteo Stock Performance

Shares of NASDAQ CRTO traded down $0.13 during midday trading on Friday, hitting $25.39. 110,219 shares of the stock traded hands, compared to its average volume of 433,098. The company has a market cap of $1.47 billion, a PE ratio of 15.11 and a beta of 0.63. Criteo has a one year low of $25.17 and a one year high of $49.93. The business has a 50 day moving average price of $30.64 and a two-hundred day moving average price of $36.60.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The business had revenue of $451.43 million during the quarter, compared to the consensus estimate of $259.86 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Criteo's revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that Criteo will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling at Criteo

In other news, insider Ryan Damon sold 1,263 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the transaction, the insider now directly owns 130,739 shares in the company, valued at approximately $3,414,902.68. This represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 2,465 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $25.81, for a total value of $63,621.65. Following the transaction, the chief financial officer now owns 362,710 shares in the company, valued at $9,361,545.10. This trade represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,707 shares of company stock valued at $351,786 in the last 90 days. Corporate insiders own 1.66% of the company's stock.

Hedge Funds Weigh In On Criteo

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Waterfront Wealth Inc. grew its position in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after acquiring an additional 335 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Criteo by 21.4% in the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock worth $85,000 after buying an additional 426 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Criteo by 9.9% in the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock valued at $244,000 after purchasing an additional 558 shares during the period. Natixis Advisors LLC lifted its stake in shares of Criteo by 5.9% in the 1st quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider's stock valued at $427,000 after purchasing an additional 672 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Criteo by 17.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock valued at $258,000 after purchasing an additional 971 shares during the period. 94.27% of the stock is currently owned by institutional investors.

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.