Several other research firms have also recently issued reports on CRTO. JPMorgan Chase & Co. reaffirmed a buy rating and set a $51.00 price target on shares of Criteo SA in a research note on Tuesday, September 27th. Citigroup Inc. decreased their price target on shares of Criteo SA from $56.00 to $51.00 and set a buy rating on the stock in a research note on Thursday, August 4th. Jefferies Group reaffirmed a buy rating on shares of Criteo SA in a research note on Monday, July 11th. Pacific Crest reaffirmed a buy rating and set a $53.00 price target on shares of Criteo SA in a research note on Monday, July 11th. Finally, Morgan Stanley reissued a hold rating on shares of Criteo SA in a research report on Friday, September 16th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $48.50.
Shares of Criteo SA (NASDAQ:CRTO) traded down 2.70% during midday trading on Tuesday, reaching $35.64. 728,643 shares of the company traded hands. Criteo SA has a 12 month low of $24.23 and a 12 month high of $47.81. The company’s 50 day moving average is $36.53 and its 200-day moving average is $41.16. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 32.14 and a beta of 2.82.
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. The company had revenue of $166 million for the quarter, compared to analysts’ expectations of $161.27 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. Equities research analysts forecast that Criteo SA will post $1.79 earnings per share for the current fiscal year.
In other news, Director James Warner sold 1,000 shares of Criteo SA stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $42.50, for a total transaction of $42,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jean-Baptiste Rudelle sold 76,100 shares of Criteo SA stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $43.79, for a total transaction of $3,332,419.00. Following the sale, the insider now owns 2,969,301 shares in the company, valued at approximately $130,025,690.79. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Westend Capital Management LLC purchased a new stake in Criteo SA during the first quarter worth about $111,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Criteo SA during the second quarter worth about $179,000. Independent Portfolio Consultants Inc. raised its stake in Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock worth $205,000 after buying an additional 375 shares in the last quarter. Albert D Mason Inc. purchased a new stake in Criteo SA during the second quarter worth about $210,000. Finally, PNC Financial Services Group Inc. raised its stake in Criteo SA by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,611 shares of the company’s stock worth $257,000 after buying an additional 38 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.
Criteo SA Company Profile
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s 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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