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

Criteo S.A. (NASDAQ:CRTO - Get Free Report) has been given an average recommendation of "Hold" by the eleven analysts that are presently covering the firm, MarketBeat Ratings 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 1-year price objective among brokers that have issued a report on the stock in the last year is $46.70.

Several research analysts recently issued reports on CRTO shares. BMO Capital Markets dropped their price target on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. DA Davidson dropped their price target on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Susquehanna dropped their price target on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley dropped their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Finally, Wells Fargo & Company dropped their price target on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st.

Criteo Stock Down 2.2%

CRTO stock opened at $23.73 on Friday. The firm has a 50 day moving average of $25.83 and a two-hundred day moving average of $33.04. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.65 and a beta of 0.48. Criteo has a 12 month low of $23.24 and a 12 month high of $49.93.

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

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 1,520 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 value of $39,702.40. Following the transaction, the chief financial officer directly owned 361,190 shares of the company's stock, valued at approximately $9,434,282.80. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Gleason sold 2,486 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $25.81, for a total transaction of $64,163.66. Following the completion of the transaction, the insider directly owned 154,964 shares in the company, valued at approximately $3,999,620.84. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,707 shares of company stock valued at $351,786 over the last quarter. Corporate insiders own 1.66% of the company's stock.

Hedge Funds Weigh In On Criteo

A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. Vega Investment Solutions bought a new position in shares of Criteo during the fourth quarter worth $41,000. Jones Financial Companies Lllp lifted its position in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after acquiring an additional 1,184 shares in the last quarter. TD Private Client Wealth LLC lifted its position in 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 acquiring an additional 426 shares in the last quarter. Wells Fargo & Company MN lifted its position in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Criteo in the 4th quarter valued at $210,000. 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.

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