Criteo SA (CRTO) Receives $50.58 Consensus Target Price from Analysts
Criteo SA (NASDAQ:CRTO) has received an average rating of “Buy” from the eighteen brokerages that are covering the company. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $50.58.
Several research analysts have recently weighed in on CRTO shares. Morgan Stanley reissued a “hold” rating on shares of Criteo SA in a report on Friday, September 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo SA in a report on Tuesday, September 27th. Cowen and Company reaffirmed an “outperform” rating on shares of Criteo SA in a report on Tuesday, October 4th. Jefferies Group reaffirmed a “buy” rating and set a $63.00 target price on shares of Criteo SA in a report on Tuesday, September 6th. Finally, Susquehanna cut shares of Criteo SA from a “positive” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $37.00 in a report on Tuesday, September 6th.
In other Criteo SA news, insider Jean-Baptiste Rudelle sold 60,000 shares of the stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $35.84, for a total transaction of $2,150,400.00. Following the completion of the transaction, the insider now owns 2,806,831 shares in the company, valued at $100,596,823.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Benoit Fouilland sold 5,412 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $41.00, for a total transaction of $221,892.00. Following the transaction, the chief financial officer now owns 90,683 shares of the company’s stock, valued at approximately $3,718,003. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CRTO. Westend Capital Management LLC acquired a new position in Criteo SA during the first quarter valued at approximately $111,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Criteo SA during the second quarter valued at approximately $179,000. Independent Portfolio Consultants Inc. raised 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 valued at $205,000 after buying an additional 375 shares during the period. Banque Pictet & Cie SA acquired a new position in Criteo SA during the third quarter valued at approximately $208,000. Finally, Albert D Mason Inc. acquired a new position in Criteo SA during the second quarter valued at approximately $210,000. Institutional investors and hedge funds own 72.66% of the company’s stock.
Shares of Criteo SA (NASDAQ:CRTO) opened at 39.75 on Thursday. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81. The stock’s 50 day moving average is $37.23 and its 200 day moving average is $40.41. The stock has a market cap of $2.45 billion, a PE ratio of 32.08 and a beta of 2.75.
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. Criteo SA had a net margin of 4.96% and a return on equity of 15.99%. The firm earned $177 million during the quarter, compared to analysts’ expectations of $173.47 million. During the same period in the previous year, the company earned $0.16 earnings per share. The firm’s quarterly revenue was up 32.4% on a year-over-year basis. Equities research analysts forecast that Criteo SA will post $1.92 earnings per share for the current year.
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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