Analysts Set Criteo S.A. (NASDAQ:CRTO) PT at $50.11

Shares of Criteo S.A. (NASDAQ:CRTO) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $50.11.

CRTO has been the topic of several research reports. KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. BMO Capital Markets upped their price target on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, DA Davidson raised shares of Criteo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $43.00 to $58.00 in a report on Tuesday, August 6th.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after buying an additional 297 shares during the period. Mather Group LLC. acquired a new position in shares of Criteo during the first quarter valued at approximately $48,000. EverSource Wealth Advisors LLC increased its stake in shares of Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the period. Covestor Ltd raised its holdings in Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 1,823 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Criteo Trading Down 1.6 %

Criteo stock opened at $42.00 on Monday. The stock has a 50 day moving average of $45.19 and a 200-day moving average of $39.62. The stock has a market cap of $2.38 billion, a P/E ratio of 43.30 and a beta of 0.99. Criteo has a 52 week low of $22.10 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. The company had revenue of $471.31 million during the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. As a group, equities analysts predict that Criteo will post 2.8 earnings per share for the current fiscal year.

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.