RBC Capital Markets Reaffirms Buy Rating for Criteo SA (CRTO)
Criteo SA (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by equities research analysts at RBC Capital Markets in a report released on Tuesday. They presently have a $55.00 price target on the stock. RBC Capital Markets’ target price indicates a potential upside of 53.80% from the company’s current price.
Other equities analysts have also issued reports about the stock. Cowen and Company reissued an “outperform” rating on shares of Criteo SA in a report on Tuesday. Jefferies Group restated a “buy” rating and issued a $65.00 target price on shares of Criteo SA in a research note on Monday, June 27th. Citigroup Inc. lowered 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 note on Thursday, August 4th. William Blair restated an “outperform” rating on shares of Criteo SA in a research note on Thursday, August 4th. Finally, Pacific Crest restated a “buy” rating and issued a $53.00 target price on shares of Criteo SA in a research note on Monday, July 11th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Criteo SA currently has a consensus rating of “Buy” and a consensus target price of $48.50.
Criteo SA (NASDAQ:CRTO) traded up 3.05% during midday trading on Tuesday, hitting $36.85. The stock had a trading volume of 671,019 shares. The firm has a market capitalization of $2.27 billion, a P/E ratio of 33.23 and a beta of 2.89. The firm has a 50-day moving average of $36.60 and a 200 day moving average of $41.19. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81.
Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings data 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. The business had revenue of $166 million for the quarter, compared to analysts’ expectations of $161.27 million. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. On average, equities analysts forecast that Criteo SA will post $1.79 EPS for the current year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of Criteo SA stock in a transaction on Monday, July 18th. The shares were sold at an average price of $43.80, for a total value of $38,368.80. Following the completion of the transaction, the chief financial officer now owns 103,899 shares of the company’s stock, valued at $4,550,776.20. The transaction was disclosed in a 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 shares were sold at an average price of $37.96, for a total transaction of $2,277,600.00. Following the completion of the transaction, 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.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westend Capital Management LLC purchased a new position in Criteo SA during the first quarter worth $111,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Criteo SA during the second quarter worth $179,000. Independent Portfolio Consultants Inc. boosted its position 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 during the last quarter. Albert D Mason Inc. purchased a new position in Criteo SA during the second quarter worth $210,000. Finally, PNC Financial Services Group Inc. boosted its position 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 during the last quarter.
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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