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

Criteo S.A. (NASDAQ:CRTO - Get Free Report) has received an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $52.90.

A number of equities research analysts have issued reports on CRTO shares. Stifel Nicolaus restated a "buy" rating and set a $61.00 price target (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. Morgan Stanley raised their target price on Criteo from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. DA Davidson lifted their price target on Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Wells Fargo & Company increased their price target on shares of Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets increased their target price on shares of Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th.

Insiders Place Their Bets

In other news, CEO Megan Clarken sold 7,481 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total transaction of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares in the company, valued at approximately $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Gleason sold 1,924 shares of Criteo stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the completion of the transaction, the insider now directly owns 137,161 shares of the company's stock, valued at $5,223,090.88. This represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,156 shares of company stock valued at $1,243,028. 1.71% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On Criteo

A number of large investors have recently modified their holdings of CRTO. Waterfront Wealth Inc. lifted its holdings in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after buying an additional 335 shares in the last quarter. Assetmark Inc. grew its stake in shares of Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider's stock worth $226,000 after purchasing an additional 424 shares during the period. QRG Capital Management Inc. increased its holdings in Criteo by 3.5% in the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider's stock valued at $624,000 after purchasing an additional 518 shares during the last quarter. Geode Capital Management LLC lifted its stake in Criteo by 1.1% in the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock valued at $1,978,000 after buying an additional 518 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Criteo by 17.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock valued at $258,000 after buying an additional 971 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Performance

Shares of Criteo stock traded down $0.96 during midday trading on Monday, reaching $34.84. 284,673 shares of the company's stock traded hands, compared to its average volume of 415,447. Criteo has a 52 week low of $33.15 and a 52 week high of $49.93. The company's 50 day simple moving average is $39.67 and its 200 day simple moving average is $40.56. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 20.78 and a beta of 0.98.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. As a group, equities research analysts predict that Criteo will post 3.09 earnings per share for the current 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.