Criteo S.A. (NASDAQ:CRTO) insider Dan Teodosiu sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $50.10, for a total value of $75,150.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Criteo S.A. (NASDAQ CRTO) traded up 0.25% during mid-day trading on Friday, hitting $49.00. The stock had a trading volume of 389,747 shares. Criteo S.A. has a 1-year low of $32.83 and a 1-year high of $56.00. The stock’s 50-day moving average is $50.12 and its 200 day moving average is $49.65.
Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. The company had revenue of $220 million for the quarter, compared to the consensus estimate of $212.55 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, equities research analysts forecast that Criteo S.A. will post $2.43 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of CRTO. Macquarie Group Ltd. bought a new position in shares of Criteo during the fourth quarter worth $1,660,000. Stifel Financial Corp increased its position in Criteo by 3.9% in the first quarter. Stifel Financial Corp now owns 16,883 shares of the information services provider’s stock valued at $843,000 after buying an additional 629 shares during the last quarter. Nationwide Fund Advisors acquired a new position in Criteo during the first quarter valued at $1,785,000. Exane Derivatives increased its position in Criteo by 15.3% in the second quarter. Exane Derivatives now owns 124,644 shares of the information services provider’s stock valued at $6,112,000 after buying an additional 16,514 shares during the last quarter. Finally, Credit Suisse AG increased its position in Criteo by 43.8% in the first quarter. Credit Suisse AG now owns 275,526 shares of the information services provider’s stock valued at $13,774,000 after buying an additional 83,950 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.
CRTO has been the subject of several analyst reports. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 target price on shares of Criteo in a research report on Thursday, June 22nd. Royal Bank Of Canada raised their target price on Criteo from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.80 target price (down from $66.00) on shares of Criteo in a research report on Tuesday, June 6th. BidaskClub lowered Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Criteo in a research report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Criteo presently has a consensus rating of “Hold” and an average price target of $55.98.
Criteo Company Profile
Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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