A number of other brokerages have also recently commented on CRTO. Zacks Investment Research cut Criteo SA from a strong-buy rating to a hold rating in a research note on Tuesday, October 4th. RBC Capital Markets restated a buy rating and set a $55.00 price objective on shares of Criteo SA in a research note on Tuesday, October 4th. Cowen and Company restated an outperform rating on shares of Criteo SA in a research note on Tuesday, October 4th. JPMorgan Chase & Co. reiterated a buy rating and issued a $51.00 price target on shares of Criteo SA in a research note on Tuesday, September 27th. Finally, Morgan Stanley reiterated a hold rating on shares of Criteo SA in a research note on Friday, September 16th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $48.59.
Criteo SA (NASDAQ:CRTO) opened at 35.26 on Tuesday. Criteo SA has a 12-month low of $24.23 and a 12-month high of $47.81. The stock has a market cap of $2.17 billion, a P/E ratio of 31.79 and a beta of 2.82. The stock has a 50 day moving average price of $35.72 and a 200-day moving average price of $40.72.
Criteo SA (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $166 million for the quarter, compared to analysts’ expectations of $161.27 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. On average, equities analysts expect that Criteo SA will post $1.78 earnings per share for the current year.
In related news, insider Jean-Baptiste Rudelle sold 76,100 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $43.79, for a total value of $3,332,419.00. Following the sale, the insider now directly owns 2,969,301 shares of the company’s stock, valued at approximately $130,025,690.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Eichmann sold 10,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $40.24, for a total transaction of $402,400.00. Following the completion of the sale, the chief executive officer now directly owns 20,920 shares in the company, valued at $841,820.80. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC raised its stake in shares of Criteo SA by 1.5% in the second quarter. Rice Hall James & Associates LLC now owns 540,238 shares of the company’s stock valued at $24,808,000 after buying an additional 8,026 shares during the last quarter. Alken Asset Management Ltd. acquired a new stake in shares of Criteo SA during the second quarter valued at about $33,027,000. Westend Capital Management LLC acquired a new stake in shares of Criteo SA during the first quarter valued at about $111,000. A.R.T. Advisors LLC acquired a new stake in shares of Criteo SA during the first quarter valued at about $1,230,000. Finally, Jennison Associates LLC acquired a new stake in shares of Criteo SA during the second quarter valued at about $30,538,000. Hedge funds and other institutional investors own 68.71% of the company’s stock.
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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