Criteo SA (CRTO) Rating Reiterated by JPMorgan Chase & Co.
Criteo SA (NASDAQ:CRTO)‘s stock had its “buy” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $51.00 price objective on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 40.88% from the stock’s current price.
Several other brokerages have also recently weighed in on CRTO. Citigroup Inc. decreased their price target on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company 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. Morgan Stanley reaffirmed a “hold” rating on shares of Criteo SA in a research note on Friday, September 16th. Finally, RBC Capital Markets set a $55.00 price target on shares of Criteo SA and gave the stock a “buy” rating in a research note on Saturday, September 17th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Criteo SA presently has an average rating of “Buy” and a consensus target price of $48.50.
Shares of Criteo SA (NASDAQ:CRTO) opened at 36.20 on Tuesday. The company has a market capitalization of $2.23 billion, a P/E ratio of 32.64 and a beta of 2.89. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81. The firm has a 50-day moving average of $37.00 and a 200 day moving average of $41.23.
Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $166 million for the quarter, compared to the consensus estimate of $161.27 million. Criteo SA’s revenue was up 35.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. On average, analysts anticipate that Criteo SA will post $1.79 EPS for the current year.
In other news, CEO Eric Eichmann sold 10,000 shares of Criteo SA stock in a transaction on Thursday, August 11th. The stock was 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 owns 20,920 shares of the company’s stock, valued at $841,820.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of Criteo SA stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $37.96, for a total value of $2,277,600.00. Following the sale, the insider now directly owns 2,914,358 shares of the company’s stock, valued at approximately $110,629,029.68. The disclosure for this sale can be found here.
Several large investors have recently bought and sold shares of CRTO. Westend Capital Management LLC purchased a new stake in Criteo SA during the first quarter worth $111,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Criteo SA during the second quarter worth $179,000. Envestnet Asset Management Inc. increased its stake in Criteo SA by 133.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,016 shares of the company’s stock worth $166,000 after buying an additional 2,293 shares in the last quarter. Independent Portfolio Consultants Inc. increased 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. Finally, Albert D Mason Inc. purchased a new stake in Criteo SA during the second quarter worth $210,000.
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.
Receive News & Stock Ratings for Criteo SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo SA and related stocks with our FREE daily email newsletter.