Criteo S.A. (NASDAQ:CRTO) Receives $36.11 Consensus Target Price from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have been given an average recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $36.11.

CRTO has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of Criteo from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. TheStreet raised shares of Criteo from a “c” rating to a “b-” rating in a research report on Friday, February 9th. DA Davidson upped their target price on Criteo from $27.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, March 4th. JPMorgan Chase & Co. lifted their price target on Criteo from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 5,485 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total value of $191,975.00. Following the sale, the chief executive officer now owns 552,933 shares in the company, valued at $19,352,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the completion of the transaction, the chief executive officer now owns 552,933 shares of the company’s stock, valued at $19,352,655. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Damon sold 7,959 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total transaction of $260,179.71. Following the completion of the sale, the insider now directly owns 144,545 shares in the company, valued at $4,725,176.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,725 shares of company stock valued at $2,827,082. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates bought a new stake in Criteo in the 1st quarter worth approximately $644,000. Sei Investments Co. lifted its holdings in shares of Criteo by 78.3% in the 1st quarter. Sei Investments Co. now owns 71,541 shares of the information services provider’s stock worth $1,942,000 after acquiring an additional 31,410 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Criteo by 169.6% in the 1st quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after purchasing an additional 10,177 shares in the last quarter. UBS Group AG raised its position in Criteo by 4.4% in the 1st quarter. UBS Group AG now owns 177,598 shares of the information services provider’s stock worth $4,838,000 after purchasing an additional 7,472 shares during the period. Finally, State Street Corp lifted its stake in Criteo by 72.1% in the first quarter. State Street Corp now owns 167,479 shares of the information services provider’s stock worth $4,562,000 after purchasing an additional 70,173 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $35.06 on Monday. Criteo has a 1 year low of $22.10 and a 1 year high of $35.97. The stock has a market capitalization of $1.94 billion, a P/E ratio of 39.39 and a beta of 0.93. The company has a 50-day moving average price of $31.10 and a 200-day moving average price of $27.91.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.30. The business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $300.35 million. Criteo had a return on equity of 10.42% and a net margin of 2.73%. As a group, equities research analysts anticipate that Criteo will post 2.3 earnings per share for the current fiscal 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.