Criteo S.A. (NASDAQ:CRTO) Receives Average Rating of "Moderate Buy" from Analysts

Criteo S.A. (NASDAQ:CRTO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $52.90.

CRTO has been the subject of a number of research reports. Stifel Nicolaus reiterated a "buy" rating and set a $61.00 target price (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Benchmark restated a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Wells Fargo & Company raised their price objective on Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. DA Davidson increased their target price on Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley upped their price target on Criteo from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th.

Insider Transactions at Criteo

In other Criteo news, insider Brian Gleason sold 3,135 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the sale, the insider now owns 139,085 shares in the company, valued at $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the completion of the transaction, the chief executive officer now owns 502,052 shares of the company's stock, valued at approximately $22,346,334.52. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is currently owned by corporate insiders.

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Hedge Funds Weigh In On Criteo

Large investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its holdings in shares of Criteo by 7.0% in the 4th quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider's stock valued at $240,322,000 after buying an additional 399,977 shares during the period. DnB Asset Management AS grew its position in Criteo by 0.5% in the 4th quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock valued at $213,903,000 after buying an additional 28,536 shares in the last quarter. Alliancebernstein L.P. increased its stake in Criteo by 38.3% during the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock valued at $150,208,000 after buying an additional 1,052,126 shares during the period. Senvest Management LLC raised its position in shares of Criteo by 25.7% during the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after buying an additional 743,695 shares in the last quarter. Finally, Cadian Capital Management LP boosted its holdings in shares of Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after acquiring an additional 713,785 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Stock Performance

NASDAQ CRTO traded up $0.88 during trading hours on Friday, reaching $30.16. The company's stock had a trading volume of 17,405 shares, compared to its average volume of 422,807. The company's 50-day moving average is $38.53 and its two-hundred day moving average is $39.29. Criteo has a fifty-two week low of $28.29 and a fifty-two week high of $49.93. The stock has a market cap of $1.74 billion, a PE ratio of 17.93 and a beta of 0.74.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Equities analysts expect that Criteo will post 3.09 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.