Brokerages Set Criteo S.A. (NASDAQ:CRTO) PT at $36.11

Shares of Criteo S.A. (NASDAQ:CRTO) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $36.11.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Criteo from $27.00 to $31.00 and gave the company 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 note on Thursday, February 8th. Susquehanna lifted their target price on Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. Finally, Wells Fargo & Company upgraded shares of Criteo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $41.00 in a research report on Thursday, February 8th.

Insider Activity

In related news, CFO Sarah Js Glickman sold 9,653 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.69, for a total value of $315,556.57. Following the transaction, the chief financial officer now owns 293,019 shares of the company’s stock, valued at $9,578,791.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $35.00, for a total transaction of $191,975.00. Following the completion of the transaction, the chief executive officer now owns 552,933 shares in the company, valued at approximately $19,352,655. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sarah Js Glickman sold 9,653 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.69, for a total value of $315,556.57. Following the completion of the sale, the chief financial officer now directly owns 293,019 shares of the company’s stock, valued at approximately $9,578,791.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,607 shares of company stock valued at $2,932,315. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds have recently modified their holdings of the stock. Cadian Capital Management LP increased its position in shares of Criteo by 70.4% in the 4th quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock valued at $107,339,000 after acquiring an additional 1,751,511 shares during the period. Senvest Management LLC lifted its holdings in shares of Criteo by 20.1% during the third quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock worth $92,670,000 after purchasing an additional 531,546 shares during the period. Victory Capital Management Inc. purchased a new stake in Criteo in the third quarter valued at approximately $15,306,000. Lord Abbett & CO. LLC increased its holdings in Criteo by 22.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock worth $29,847,000 after buying an additional 187,288 shares during the period. Finally, Acadian Asset Management LLC raised its position in Criteo by 4.6% during the 3rd quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock worth $62,853,000 after buying an additional 95,391 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Performance

CRTO stock opened at $36.55 on Friday. The firm has a 50 day moving average price of $34.13 and a 200-day moving average price of $28.78. Criteo has a 52-week low of $22.10 and a 52-week high of $37.38. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 41.08 and a beta of 0.95.

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