Criteo S.A. (NASDAQ:CRTO) Receives Consensus Rating of "Hold" from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.70.

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Wells Fargo & Company lowered their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Susquehanna lowered their target price on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Morgan Stanley lowered their target price on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the sale, the insider now owns 157,450 shares of the company's stock, valued at $5,335,980.50. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan Damon sold 1,263 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the sale, the insider now directly owns 130,739 shares of the company's stock, valued at approximately $3,414,902.68. This represents a 0.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,707 shares of company stock valued at $351,786. Corporate insiders own 1.66% of the company's stock.

Institutional Trading of Criteo

A number of hedge funds and other institutional investors have recently modified their holdings of CRTO. Neuberger Berman Group LLC boosted its stake in Criteo by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 6,123,000 shares of the information services provider's stock valued at $216,982,000 after acquiring an additional 47,005 shares during the last quarter. DnB Asset Management AS boosted its stake in Criteo by 1.9% in the first quarter. DnB Asset Management AS now owns 5,511,195 shares of the information services provider's stock valued at $195,372,000 after acquiring an additional 104,138 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Criteo by 14.0% in the first quarter. Alliancebernstein L.P. now owns 4,329,854 shares of the information services provider's stock valued at $153,320,000 after acquiring an additional 532,879 shares during the last quarter. Senvest Management LLC boosted its stake in Criteo by 25.7% in the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock valued at $143,978,000 after acquiring an additional 743,695 shares during the last quarter. Finally, Cadian Capital Management LP boosted its stake in Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after acquiring an additional 713,785 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Price Performance

Criteo stock opened at $23.48 on Wednesday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 9.54 and a beta of 0.51. Criteo has a fifty-two week low of $23.40 and a fifty-two week high of $49.93. The firm has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $35.27.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.41% and a return on equity of 18.21%. The company had revenue of $451.43 million for the quarter, compared to the consensus estimate of $259.86 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The business's revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.