Criteo SA (CRTO) Given Outperform Rating at Cowen and Company
CRTO has been the topic of a number of other reports. Zacks Investment Research upgraded Criteo SA from a hold rating to a buy rating and set a $47.00 price objective on the stock in a research report on Friday, August 5th. Jefferies Group reiterated a buy rating and issued a $65.00 price objective on shares of Criteo SA in a research report on Monday, June 27th. William Blair reiterated an outperform rating on shares of Criteo SA in a research report on Thursday, August 4th. Susquehanna lowered Criteo SA from a positive rating to a neutral rating and decreased their price objective for the company from $48.00 to $37.00 in a research report on Tuesday, September 6th. Finally, RBC Capital Markets set a $55.00 price target on Criteo SA and gave the stock a buy rating in a research report on Saturday, September 17th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $48.50.
Shares of Criteo SA (NASDAQ:CRTO) traded down 3.17% on Tuesday, reaching $35.47. The company’s stock had a trading volume of 687,303 shares. The stock has a market cap of $2.18 billion, a PE ratio of 31.98 and a beta of 2.82. The company’s 50 day moving average is $36.53 and its 200-day moving average is $41.16. Criteo SA has a 1-year low of $24.23 and a 1-year high of $47.81.
Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 15.20% and a net margin of 4.72%. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. On average, equities analysts predict that Criteo SA will post $1.79 earnings per share for the current fiscal year.
In other news, insider Jean-Baptiste Rudelle sold 76,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $43.79, for a total transaction of $3,332,419.00. Following the completion of the sale, the insider now owns 2,969,301 shares in the company, valued at $130,025,690.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Benoit Fouilland sold 876 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $42.95, for a total value of $37,624.20. Following the sale, the chief financial officer now owns 104,575 shares of the company’s stock, valued at approximately $4,491,496.25. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.
Several large investors have recently modified their holdings of CRTO. NN Investment Partners Holdings N.V. boosted its stake in shares of Criteo SA by 38.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 266,961 shares of the company’s stock worth $12,259,000 after buying an additional 74,372 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Criteo SA during the first quarter worth about $2,094,000. Westend Capital Management LLC purchased a new stake in shares of Criteo SA during the first quarter worth about $111,000. A.R.T. Advisors LLC purchased a new stake in shares of Criteo SA during the first quarter worth about $1,230,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Criteo SA during the first quarter worth about $315,000. Institutional investors own 69.29% of the company’s stock.
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.