Criteo S.A. (NASDAQ:CRTO) Given Average Rating of "Hold" by Analysts

Criteo S.A. (NASDAQ:CRTO - Get Free Report) has received a consensus recommendation of "Hold" from the eleven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.70.

CRTO has been the topic of several research analyst reports. Susquehanna lowered their price target on Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Morgan Stanley lowered their price target on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Wall Street Zen cut Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price target on Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd.

Criteo Trading Down 1.3%

CRTO traded down $0.30 during trading on Wednesday, hitting $23.61. 692,514 shares of the company's stock traded hands, compared to its average volume of 456,870. The company's 50 day simple moving average is $28.03 and its two-hundred day simple moving average is $34.91. Criteo has a 12-month low of $23.38 and a 12-month high of $49.93. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.60 and a beta of 0.51.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million for the quarter, compared to the consensus estimate of $259.86 million. Criteo had a return on equity of 18.21% and a net margin of 7.41%. The company's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. On average, equities analysts expect that Criteo will post 3.09 EPS for the current year.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan Damon sold 2,132 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $25.81, for a total value of $55,026.92. Following the sale, the insider now directly owns 132,002 shares in the company, valued at approximately $3,406,971.62. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,707 shares of company stock valued at $351,786. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Criteo

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

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.