Criteo (CRTO) Receiving Somewhat Positive Press Coverage, Study Shows
Media stories about Criteo (NASDAQ:CRTO) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Criteo earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 45.950199931985 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Criteo SA (CRTO) Trending Downward Near-term – Evergreen Caller (evergreencaller.com)
- Criteo S.A. – American Deposita (NASDAQ:CRTO) Traded Lower Than Its 50 Day Average (highlightpress.com)
- Mesa Adaptive MA In Focus for Criteo SA (CRTO) – Evergreen Caller (evergreencaller.com)
- Share Activity Lifted for Criteo SA (CRTO) in Session – Evergreen Caller (evergreencaller.com)
- Criteo To Present At The Deutsche Bank 2017 Technology Conference (finance.yahoo.com)
Criteo (NASDAQ:CRTO) opened at 48.47 on Tuesday. The company has a market capitalization of $2.98 billion, a P/E ratio of 45.68 and a beta of 2.72. The company’s 50-day moving average price is $49.58 and its 200-day moving average price is $49.96. Criteo has a 52 week low of $32.83 and a 52 week high of $56.00.
Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The business had revenue of $220 million during the quarter, compared to the consensus estimate of $212.55 million. Criteo had a return on equity of 13.94% and a net margin of 3.48%. Criteo’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. On average, equities analysts forecast that Criteo will post $2.44 EPS for the current fiscal year.
Several equities research analysts recently issued reports on CRTO shares. Deutsche Bank AG upped their price target on Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price target on shares of Criteo in a research report on Monday, July 31st. Cowen and Company reissued a “buy” rating and set a $60.00 price target on shares of Criteo in a research report on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and set a $48.80 price target (down from $66.00) on shares of Criteo in a research report on Tuesday, June 6th. Finally, BidaskClub raised Criteo from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Criteo has a consensus rating of “Hold” and a consensus target price of $55.98.
In related news, Director James Warner sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $46.98, for a total transaction of $58,725.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jean-Baptiste Rudelle sold 9,129 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $51.62, for a total value of $471,238.98. The disclosure for this sale can be found here. Insiders have sold a total of 525,230 shares of company stock valued at $25,628,348 in the last 90 days. 5.60% of the stock is owned by corporate insiders.
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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