BMO Capital Markets reaffirmed their buy rating on shares of Criteo S.A. (NASDAQ:CRTO) in a research note published on Wednesday. The firm currently has a $70.00 price target on the information services provider’s stock.
Several other analysts have also recently commented on CRTO. KeyCorp began coverage on shares of Criteo in a research note on Monday, July 31st. They issued an overweight rating and a $62.00 target price for the company. Cowen and Company reaffirmed an outperform rating and issued a $61.00 target price (up from $60.00) on shares of Criteo in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Criteo from a hold rating to a sell rating in a research note on Tuesday, August 8th. Macquarie started coverage on shares of Criteo in a research note on Thursday, October 12th. They issued a neutral rating and a $51.00 target price for the company. Finally, BidaskClub cut shares of Criteo from a hold rating to a sell rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $55.70.
Shares of Criteo (NASDAQ:CRTO) traded down 1.31% on Wednesday, reaching $46.58. The company had a trading volume of 910,215 shares. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 43.90 and a beta of 2.66. The firm has a 50-day moving average price of $44.17 and a 200 day moving average price of $48.81. Criteo has a 1-year low of $34.16 and a 1-year high of $56.00.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $212.55 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. Criteo’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. Equities research analysts predict that Criteo will post $2.43 earnings per share for the current year.
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In related news, Director James Warner sold 1,250 shares of Criteo stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $51.49, for a total transaction of $64,362.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Benoit Fouilland sold 12,500 shares of Criteo stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $50.86, for a total transaction of $635,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 327,832 shares of company stock valued at $16,080,788 over the last three months. Corporate insiders own 5.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC acquired a new position in shares of Criteo during the 2nd quarter valued at $137,000. Fifth Third Bancorp acquired a new position in shares of Criteo during the 1st quarter valued at $176,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Criteo during the 1st quarter valued at $230,000. Envestnet Asset Management Inc. lifted its holdings in shares of Criteo by 88.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after acquiring an additional 2,203 shares in the last quarter. Finally, Pictet & Cie Europe SA lifted its holdings in shares of Criteo by 23.5% during the 2nd quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 83.73% of the company’s stock.
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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