Criteo S.A. (NASDAQ:CRTO) Receives $50.11 Consensus Price Target from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $50.11.

A number of analysts recently issued reports on the company. Macquarie upped their target price on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Benchmark upped their price target on shares of Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Susquehanna lifted their price objective on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Criteo Stock Down 1.6 %

NASDAQ:CRTO opened at $42.00 on Monday. The company has a market cap of $2.38 billion, a P/E ratio of 43.30 and a beta of 0.99. Criteo has a twelve month low of $22.10 and a twelve month high of $49.93. The business has a 50 day moving average price of $45.19 and a two-hundred day moving average price of $39.52.

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

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the transaction, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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.