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

Criteo S.A. (NASDAQ:CRTO) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $40.00.

A number of equities analysts have commented on the company. Morgan Stanley reduced their price objective on Criteo from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. cut their price target on Criteo from $39.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. BMO Capital Markets upped their price target on Criteo from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wells Fargo & Company cut their price target on Criteo from $54.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. Finally, Benchmark cut their price target on Criteo from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 2,842 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $22.85, for a total value of $64,939.70. Following the transaction, the insider owned 152,122 shares of the company’s stock, valued at approximately $3,475,987.70. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan Damon sold 2,132 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $25.81, for a total value of $55,026.92. Following the completion of the transaction, the insider directly owned 132,002 shares in the company, valued at $3,406,971.62. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,708 shares of company stock valued at $320,444. 1.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

Several large investors have recently modified their holdings of the business. TD Private Client Wealth LLC increased its holdings in shares of Criteo by 21.4% in the first quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider’s stock worth $85,000 after acquiring an additional 426 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Criteo by 1.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 38,594 shares of the information services provider’s stock worth $925,000 after acquiring an additional 655 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Criteo by 5.9% in the first quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider’s stock worth $427,000 after acquiring an additional 672 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Criteo by 6.0% in the second quarter. TD Waterhouse Canada Inc. now owns 13,683 shares of the information services provider’s stock worth $332,000 after acquiring an additional 780 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Criteo by 12.0% in the second quarter. Assetmark Inc. now owns 7,317 shares of the information services provider’s stock worth $175,000 after acquiring an additional 785 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Stock Performance

Criteo stock opened at $23.26 on Thursday. The firm has a market cap of $1.35 billion, a P/E ratio of 9.73 and a beta of 0.43. The business’s fifty day moving average is $24.16 and its two-hundred day moving average is $30.75. Criteo has a 52 week low of $22.43 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, July 30th. The information services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The company had revenue of $292.00 million for the quarter, compared to analyst estimates of $274.62 million. Criteo had a return on equity of 16.91% and a net margin of 7.10%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, equities research analysts predict that Criteo will post 3.09 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.