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

Shares of Criteo S.A. (NASDAQ:CRTO) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $50.11.

A number of research firms recently weighed in on CRTO. KeyCorp downgraded shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Susquehanna increased their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $43.00 to $58.00 in a research note on Tuesday, August 6th. Finally, Benchmark increased their target price on Criteo from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

Criteo Stock Performance

Shares of CRTO opened at $42.00 on Monday. The business’s fifty day moving average price is $45.19 and its two-hundred day moving average price is $39.52. The firm has a market capitalization of $2.38 billion, a price-to-earnings 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 posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. As a group, research analysts forecast that Criteo will post 2.8 EPS for the current year.

Insiders Place Their Bets

In other Criteo 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 value of $250,013.04. Following the completion of the sale, the chief financial officer now directly owns 320,201 shares in the company, valued at $14,565,943.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

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

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.