Criteo SA (NASDAQ:CRTO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “
Several other research firms also recently weighed in on CRTO. JPMorgan Chase & Co. reissued a “buy” rating and issued a $51.00 target price on shares of Criteo SA in a research report on Tuesday, September 27th. Citigroup Inc. dropped their target price on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Jefferies Group reissued a “buy” rating on shares of Criteo SA in a research report on Monday, July 11th. Pacific Crest reissued a “buy” rating and issued a $53.00 target price on shares of Criteo SA in a research report 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.50.
Criteo SA (NASDAQ:CRTO) opened at 35.65 on Tuesday. The stock has a market capitalization of $2.20 billion, a PE ratio of 32.15 and a beta of 2.82. Criteo SA has a one year low of $24.23 and a one year high of $47.81. The firm has a 50-day moving average of $36.46 and a 200-day moving average of $41.12.
Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $166 million for the quarter, compared to analyst estimates of $161.27 million. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. The firm’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. On average, equities research analysts forecast that Criteo SA will post $1.79 earnings per share for the current year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $44.05, for a total transaction of $38,587.80. Following the completion of the transaction, the chief financial officer now directly owns 103,723 shares of the company’s stock, valued at approximately $4,568,998.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $35.84, for a total transaction of $2,150,400.00. Following the transaction, the insider now directly owns 2,806,831 shares of the company’s stock, valued at $100,596,823.04. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allianz Asset Management AG raised its position in Criteo SA by 53.1% in the second quarter. Allianz Asset Management AG now owns 1,837,911 shares of the company’s stock worth $84,397,000 after buying an additional 637,376 shares during the last quarter. Henderson Group PLC raised its position in Criteo SA by 14.2% in the second quarter. Henderson Group PLC now owns 1,130,846 shares of the company’s stock worth $51,957,000 after buying an additional 140,288 shares during the last quarter. American Century Companies Inc. raised its position in Criteo SA by 12.9% in the second quarter. American Century Companies Inc. now owns 1,089,924 shares of the company’s stock worth $50,049,000 after buying an additional 124,330 shares during the last quarter. Westpac Banking Corp purchased a new position in Criteo SA during the second quarter worth about $46,976,000. Finally, Ameriprise Financial Inc. raised its position in Criteo SA by 20.0% in the second quarter. Ameriprise Financial Inc. now owns 890,735 shares of the company’s stock worth $40,902,000 after buying an additional 148,648 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.
About Criteo SA
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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