Criteo S.A. (CRTO) Rating Reiterated by KeyCorp
Criteo S.A. (NASDAQ:CRTO)‘s stock had its “buy” rating restated by equities research analysts at KeyCorp in a research note issued to investors on Friday. They presently have a $62.00 price target on the information services provider’s stock. KeyCorp’s price target points to a potential upside of 44.56% from the stock’s previous close.
CRTO has been the topic of several other reports. BidaskClub lowered Criteo from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Cowen and Company restated a “buy” rating and issued a $60.00 target price on shares of Criteo in a research note on Friday, July 28th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Criteo in a research note on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $66.00 target price on shares of Criteo in a research note on Wednesday, May 24th. Finally, Zacks Investment Research lowered Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Criteo currently has a consensus rating of “Hold” and an average target price of $55.98.
Criteo (NASDAQ:CRTO) opened at 42.89 on Friday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 40.42 and a beta of 2.72. The firm has a 50-day moving average price of $47.90 and a 200-day moving average price of $49.85. Criteo has a one year low of $32.83 and a one year high of $56.00.
Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $220.00 million for the quarter, compared to analyst estimates of $212.55 million. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. Analysts expect that Criteo will post $2.43 EPS for the current year.
In other news, Director James Warner sold 1,250 shares of Criteo stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.46, for a total value of $63,075.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean-Baptiste Rudelle sold 129,075 shares of Criteo stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $47.40, for a total value of $6,118,155.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 523,980 shares of company stock valued at $25,569,623. 5.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Perigon Wealth Management LLC purchased a new position in shares of Criteo in the second quarter valued at $137,000. Fifth Third Bancorp purchased a new position in shares of Criteo in the first quarter valued at $176,000. Pictet & Cie Europe SA purchased a new position in shares of Criteo in the first quarter valued at $221,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Criteo in the first quarter valued at $230,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Criteo by 88.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after purchasing an additional 2,203 shares in the last quarter. Institutional investors own 84.40% of the company’s stock.
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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