Analysts Set Criteo S.A. (NASDAQ:CRTO) Price Target at $36.11

Shares of Criteo S.A. (NASDAQ:CRTO) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $36.11.

CRTO has been the topic of a number of research analyst reports. TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a research report on Friday, February 9th. Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. StockNews.com upgraded shares of Criteo from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. raised their price target on shares of Criteo from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Susquehanna upped 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.

Insider Activity

In related news, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now directly owns 327,232 shares in the company, valued at $11,584,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Sarah Js Glickman sold 5,504 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now directly owns 327,232 shares in the company, valued at $11,584,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the transaction, the chief executive officer now owns 552,933 shares of the company’s stock, valued at approximately $19,352,655. The disclosure for this sale can be found here. Insiders have sold a total of 88,607 shares of company stock worth $2,932,315 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Large investors have recently modified their holdings of the company. CenterBook Partners LP raised its position in Criteo by 6.0% in the 3rd quarter. CenterBook Partners LP now owns 13,432 shares of the information services provider’s stock valued at $392,000 after purchasing an additional 766 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Criteo by 7.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock valued at $287,000 after buying an additional 822 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Criteo during the third quarter worth about $33,000. Mather Group LLC. acquired a new position in Criteo in the 1st quarter valued at about $48,000. Finally, Black Creek Investment Management Inc. raised its stake in Criteo by 5.3% during the 3rd quarter. Black Creek Investment Management Inc. now owns 39,733 shares of the information services provider’s stock valued at $1,160,000 after acquiring an additional 2,000 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Criteo Stock Performance

NASDAQ:CRTO opened at $35.61 on Friday. The business’s fifty day moving average is $33.95 and its 200 day moving average is $28.68. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 40.01 and a beta of 0.95. Criteo has a 52-week low of $22.10 and a 52-week high of $36.75.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30. Criteo had a return on equity of 10.42% and a net margin of 2.73%. The firm had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. Equities analysts predict that Criteo will post 2.3 EPS for the current fiscal year.

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.