Criteo SA (CRTO) Receives Average Recommendation of “Buy” from Analysts
Criteo SA (NASDAQ:CRTO) has earned an average recommendation of “Buy” from the eighteen brokerages that are presently covering the stock. Five equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $49.35.
Several brokerages have recently issued reports on CRTO. Jefferies Group decreased their price target on shares of Criteo SA from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. RBC Capital Markets set a $55.00 price objective on shares of Criteo SA and gave the stock a “buy” rating in a report on Saturday, September 17th. Pacific Crest reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Criteo SA in a report on Monday, July 11th. William Blair reaffirmed an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Finally, Cowen and Company reaffirmed an “outperform” rating on shares of Criteo SA in a report on Tuesday, October 4th.
In other news, Director James Warner sold 1,000 shares of Criteo SA stock in a transaction on Friday, July 15th. The shares were sold at an average price of $42.50, for a total transaction of $42,500.00. 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 76,100 shares of Criteo SA stock in a transaction 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 sale, the insider now directly owns 2,969,301 shares of the company’s stock, 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 hedge funds have recently bought and sold shares of the company. Shaker Investments LLC OH increased its stake in Criteo SA by 58.6% in the second quarter. Shaker Investments LLC OH now owns 74,215 shares of the company’s stock worth $3,408,000 after buying an additional 27,420 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in 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 bought a new stake in Criteo SA during the first quarter worth about $2,094,000. Westend Capital Management LLC bought a new stake in Criteo SA during the first quarter worth about $111,000. Finally, A.R.T. Advisors LLC bought a new stake in Criteo SA during the first quarter worth about $1,230,000. 69.29% of the stock is owned by institutional investors.
Shares of Criteo SA (NASDAQ:CRTO) traded down 1.4386% during midday trading on Thursday, hitting $33.3236. The company had a trading volume of 149,857 shares. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 30.0483 and a beta of 2.82. The company’s 50-day moving average price is $36.01 and its 200 day moving average price is $40.91. Criteo SA has a 12-month low of $24.23 and a 12-month high of $47.81.
Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. The company earned $166 million during the quarter, compared to analyst estimates of $161.27 million. During the same quarter last year, the business posted $0.15 EPS. Criteo SA’s quarterly revenue was up 35.4% compared to the same quarter last year. Equities research analysts predict that Criteo SA will post $1.78 earnings per share for the current fiscal year.
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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