Several other research analysts have also issued reports on the company. Susquehanna lowered Criteo SA from a positive rating to a neutral rating and dropped their target price for the company from $48.00 to $37.00 in a research report on Tuesday, September 6th. JPMorgan Chase & Co. reiterated a buy rating and issued a $51.00 price target on shares of Criteo SA in a report on Tuesday, September 27th. Jefferies Group reiterated a buy rating and issued a $63.00 price target on shares of Criteo SA in a report on Tuesday, September 6th. Morgan Stanley reiterated a hold rating on shares of Criteo SA in a report on Friday, September 16th. Finally, Zacks Investment Research upgraded Criteo SA from a hold rating to a buy rating and set a $47.00 price target for the company in a report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Criteo SA currently has an average rating of Buy and a consensus price target of $48.50.
Criteo SA (NASDAQ:CRTO) opened at 33.95 on Tuesday. The company’s 50-day moving average price is $36.25 and its 200-day moving average price is $41.03. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 30.61 and a beta of 2.82.
Criteo SA (NASDAQ:CRTO) last announced its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Criteo SA had a return on equity of 15.20% and a net margin of 4.72%. The business earned $166 million during the quarter, compared to analyst estimates of $161.27 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. Equities research analysts expect that Criteo SA will post $1.78 EPS for the current fiscal year.
In other news, Director James Warner sold 1,000 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $42.50, for a total transaction of $42,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 76,100 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $43.79, for a total value of $3,332,419.00. Following the transaction, the insider now directly owns 2,969,301 shares in the company, valued at $130,025,690.79. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. NN Investment Partners Holdings N.V. purchased a new position in Criteo SA during the first quarter valued at about $7,977,000. 1832 Asset Management L.P. purchased a new position in Criteo SA during the first quarter valued at about $57,764,000. Lazard Asset Management LLC increased its position in Criteo SA by 33.0% in the first quarter. Lazard Asset Management LLC now owns 15,429 shares of the company’s stock valued at $638,000 after buying an additional 3,829 shares during the last quarter. UBS Group AG increased its position in Criteo SA by 33.4% in the first quarter. UBS Group AG now owns 21,567 shares of the company’s stock valued at $893,000 after buying an additional 5,398 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in Criteo SA by 2.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 195,973 shares of the company’s stock valued at $8,117,000 after buying an additional 5,225 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.
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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