Criteo S.A. (CRTO) Receives Average Rating of “Buy” from Analysts
Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned a consensus recommendation of “Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $56.23.
Several research firms recently issued reports on CRTO. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 target price on shares of Criteo in a report on Wednesday, May 24th. Royal Bank Of Canada upped their target price on Criteo from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Criteo in a report on Monday, April 24th. Cowen and Company reiterated a “buy” rating and set a $60.00 target price on shares of Criteo in a report on Friday, July 28th. Finally, KeyCorp began coverage on Criteo in a report on Monday. They set an “overweight” rating and a $62.00 target price on the stock.
Shares of Criteo (CRTO) traded down 0.64% on Monday, hitting $49.32. The stock had a trading volume of 952,716 shares. Criteo has a one year low of $32.83 and a one year high of $56.00. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 46.48 and a beta of 2.71.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. Criteo had a return on equity of 14.62% and a net margin of 3.48%. The business had revenue of $220 million for the quarter, compared to analyst estimates of $212.55 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Criteo’s revenue was up 32.5% on a year-over-year basis. Analysts forecast that Criteo will post $2.44 earnings per share for the current year.
In other news, insider Jean-Baptiste Rudelle sold 25,956 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $55.44, for a total value of $1,439,000.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dan Teodosiu sold 7,250 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $52.07, for a total value of $377,507.50. The disclosure for this sale can be found here. Insiders sold 716,048 shares of company stock worth $36,691,129 in the last ninety days. 5.60% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Criteo during the first quarter worth about $176,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Criteo during the first quarter worth about $200,000. Janney Capital Management LLC bought a new stake in shares of Criteo during the first quarter worth about $216,000. Pictet & Cie Europe SA bought a new stake in shares of Criteo during the first quarter worth about $221,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Criteo during the first quarter worth about $230,000. 84.39% of the stock is currently owned by institutional investors and hedge funds.
Criteo Company Profile
Criteo SA is a France-based company specializing in digital performance marketing. Its 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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