Criteo S.A. (NASDAQ:CRTO) Receives Consensus Recommendation of “Hold” from Brokerages

Criteo S.A. (NASDAQ:CRTO) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.11.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Criteo from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a research report on Friday, February 9th. Susquehanna raised their price target on Criteo from $26.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, DA Davidson raised their price target on Criteo from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 5,485 shares of Criteo 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 completion of the transaction, the chief executive officer now directly owns 552,933 shares in the company, valued at $19,352,655. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Criteo news, insider Ryan Damon sold 7,959 shares of Criteo stock in a transaction dated Monday, February 26th. The stock was 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 of the company’s stock, valued at approximately $4,725,176.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Megan Clarken sold 5,485 shares of Criteo stock in a transaction dated 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 directly owns 552,933 shares of the company’s stock, valued at $19,352,655. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,725 shares of company stock worth $2,827,082. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

A number of institutional investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in Criteo during the 1st quarter worth about $48,000. GSA Capital Partners LLP lifted its holdings in Criteo by 334.4% during the 4th quarter. GSA Capital Partners LLP now owns 44,392 shares of the information services provider’s stock worth $1,124,000 after buying an additional 34,172 shares during the last quarter. Barclays PLC increased its position in shares of Criteo by 6.3% during the fourth quarter. Barclays PLC now owns 9,614 shares of the information services provider’s stock worth $243,000 after purchasing an additional 568 shares in the last quarter. Orchard Capital Management LLC increased its position in shares of Criteo by 3.2% during the fourth quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock worth $11,493,000 after purchasing an additional 14,281 shares in the last quarter. Finally, Prelude Capital Management LLC increased its position in shares of Criteo by 171.3% during the fourth quarter. Prelude Capital Management LLC now owns 19,100 shares of the information services provider’s stock worth $484,000 after purchasing an additional 12,061 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Up 0.9 %

CRTO stock opened at $34.36 on Friday. The business has a fifty day moving average of $33.82 and a two-hundred day moving average of $28.59. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 38.61 and a beta of 0.95. Criteo has a 52-week low of $22.10 and a 52-week high of $36.00.

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