Criteo S.A. (NASDAQ:CRTO) Receives Average Rating of “Buy” from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned an average recommendation of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $43.86.

Several equities analysts recently weighed in on the company. Rosenblatt Securities lifted their target price on Criteo from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, November 4th. Morgan Stanley boosted their price objective on Criteo from $30.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, October 11th. DA Davidson boosted their target price on Criteo from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, November 5th. Zacks Investment Research lowered Criteo from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 22nd. Finally, TheStreet upgraded Criteo from a “c+” rating to a “b” rating in a report on Monday, November 8th.

Shares of NASDAQ:CRTO opened at $35.78 on Friday. Criteo has a 52-week low of $17.64 and a 52-week high of $46.65. The firm has a market capitalization of $2.17 billion, a P/E ratio of 21.30 and a beta of 0.95. The stock has a 50 day moving average price of $39.16 and a 200-day moving average price of $38.43.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, November 3rd. The information services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.24 by $0.40. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.05 million. Criteo had a return on equity of 13.09% and a net margin of 4.69%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. On average, analysts forecast that Criteo will post 2.41 earnings per share for the current fiscal year.

In related news, EVP Ryan Damon sold 10,763 shares of Criteo stock in a transaction on Thursday, December 16th. The shares were sold at an average price of $41.01, for a total transaction of $441,390.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Megan Clarken sold 135,108 shares of Criteo stock in a transaction on Tuesday, December 14th. The shares were sold at an average price of $40.51, for a total transaction of $5,473,225.08. The disclosure for this sale can be found here. Insiders have sold a total of 145,911 shares of company stock valued at $5,916,006 in the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of CRTO. FMR LLC increased its position in shares of Criteo by 62.3% in the second quarter. FMR LLC now owns 3,348,006 shares of the information services provider’s stock worth $151,430,000 after acquiring an additional 1,284,584 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Criteo by 366.4% in the second quarter. Lord Abbett & CO. LLC now owns 1,489,821 shares of the information services provider’s stock worth $67,385,000 after acquiring an additional 1,170,418 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Criteo by 48.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,547,500 shares of the information services provider’s stock worth $69,993,000 after acquiring an additional 507,300 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Criteo by 13.4% in the third quarter. Alliancebernstein L.P. now owns 3,297,464 shares of the information services provider’s stock worth $120,852,000 after acquiring an additional 390,207 shares in the last quarter. Finally, Senvest Management LLC acquired a new stake in shares of Criteo in the second quarter worth $16,640,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Criteo Company Profile

Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include Criteo Marketing Solutions, Criteo Shopper Graph, Criteo AI Engine, Criteo Retail Media, and Publisher Network.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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