Criteo S.A. (NASDAQ:CRTO) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Criteo S.A. has received an average recommendation of "Hold" from nine brokerages, with one analyst giving it a sell rating and five assigning it a buy rating.
• The company's stock opened at $23.97, with a twelve-month price target from analysts averaging $40.00.
• Criteo reported $0.92 earnings per share for the last quarter, exceeding analysts' expectations of $0.70, and achieved a revenue of $292 million.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) has earned an average recommendation of "Hold" from the nine brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.00.

A number of analysts recently weighed in on CRTO shares. Stifel Nicolaus dropped their price objective on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. BMO Capital Markets increased their price objective on shares of Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Benchmark dropped their price objective on shares of Criteo from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. DA Davidson dropped their price objective on shares of Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Morgan Stanley dropped their price objective on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 1,520 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total value of $39,702.40. Following the completion of the sale, the chief financial officer directly owned 361,190 shares of the company's stock, valued at $9,434,282.80. This represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian Gleason sold 2,842 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $22.85, for a total value of $64,939.70. Following the completion of the sale, the insider directly owned 152,122 shares of the company's stock, valued at approximately $3,475,987.70. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,708 shares of company stock valued at $320,444. 1.66% of the stock is currently owned by insiders.

Institutional Trading of Criteo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 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 valued at $85,000 after purchasing an additional 426 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Criteo by 1.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 38,594 shares of the information services provider's stock valued at $925,000 after purchasing an additional 655 shares during the period. Natixis Advisors LLC grew its position 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. Assetmark Inc. grew its position in shares of Criteo by 12.0% in the 2nd quarter. Assetmark Inc. now owns 7,317 shares of the information services provider's stock valued at $175,000 after purchasing an additional 785 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position 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 owned by institutional investors.

Criteo Stock Performance

Criteo stock opened at $23.97 on Thursday. The firm's 50-day moving average is $24.27 and its 200-day moving average is $31.15. Criteo has a 1 year low of $22.43 and a 1 year high of $49.93. The company has a market cap of $1.27 billion, a P/E ratio of 10.03 and a beta of 0.43.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.22. Criteo had a net margin of 7.10% and a return on equity of 16.91%. The company had revenue of $292.00 million for the quarter, compared to the consensus estimate of $274.62 million. During the same period last year, the firm posted $1.08 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Criteo will post 3.09 earnings per share for the current 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.

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