Criteo S.A. (NASDAQ:CRTO) Receives $50.11 Average PT from Brokerages

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

Several brokerages recently issued reports on CRTO. Morgan Stanley upped their price target on Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. DA Davidson upgraded Criteo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $58.00 in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Benchmark restated a “buy” rating and issued a $56.00 target price on shares of Criteo in a research note on Thursday, October 10th.

Insider Activity

In other news, CFO Sarah Js Glickman sold 5,496 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the transaction, the chief financial officer now directly owns 320,201 shares in the company, valued at approximately $14,565,943.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in Criteo by 0.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock valued at $76,972,000 after acquiring an additional 6,698 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Criteo by 3.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock worth $38,608,000 after buying an additional 37,364 shares during the period. Orchard Capital Management LLC lifted its holdings in Criteo by 3.2% in the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock worth $11,493,000 after buying an additional 14,281 shares during the period. APG Asset Management N.V. lifted its holdings in Criteo by 1.9% in the 2nd quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock worth $14,353,000 after buying an additional 7,469 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in Criteo in the 2nd quarter worth approximately $11,059,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Stock Up 5.7 %

NASDAQ CRTO opened at $43.10 on Friday. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 44.43 and a beta of 0.99. Criteo has a 52 week low of $22.10 and a 52 week high of $49.93. The business has a 50 day moving average price of $44.06 and a 200-day moving average price of $40.30.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.77 by $0.31. The firm had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. On average, equities research analysts anticipate that Criteo will post 2.8 earnings per share 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.