Criteo S.A. (CRTO) Stock Rating Reaffirmed by Morgan Stanley
Morgan Stanley reaffirmed their equal weight rating on shares of Criteo S.A. (NASDAQ:CRTO) in a research note published on Monday morning. The brokerage currently has a $46.00 target price on the information services provider’s stock, down from their previous target price of $50.00.
Other equities research analysts have also recently issued reports about the company. Deutsche Bank AG raised their target price 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 restated a buy rating and set a $60.00 target price on shares of Criteo in a research report on Monday, July 31st. Cowen and Company reiterated a buy rating and issued a $60.00 price objective on shares of Criteo in a report on Friday, July 28th. Jefferies Group LLC reiterated a buy rating and issued a $48.80 price objective (down from $66.00) on shares of Criteo in a report on Tuesday, June 6th. Finally, BMO Capital Markets reiterated a buy rating and issued a $70.00 price objective on shares of Criteo in a report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Criteo has a consensus rating of Buy and an average target price of $56.06.
Criteo (NASDAQ CRTO) traded up 1.65% during trading on Monday, hitting $45.04. The stock had a trading volume of 123,504 shares. 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, beating the Zacks’ consensus estimate of $0.16 by $0.05. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The firm had revenue of $220.00 million for the quarter, compared to analysts’ expectations of $212.55 million. During the same period last year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 32.5% on a year-over-year basis. On average, analysts predict that Criteo will post $2.43 earnings per share for the current fiscal year.
In other news, Director James Warner sold 1,250 shares of Criteo stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $42.21, for a total transaction of $52,762.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dan Teodosiu sold 1,500 shares of Criteo stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $50.10, for a total transaction of $75,150.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 368,980 shares of company stock worth $18,204,027. Insiders own 5.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Perpetual Ltd raised its position in shares of Criteo by 11.4% during the 2nd quarter. Perpetual Ltd now owns 143,073 shares of the information services provider’s stock valued at $7,018,000 after buying an additional 14,601 shares during the period. Perigon Wealth Management LLC purchased a new stake in shares of Criteo during the 2nd quarter valued at approximately $137,000. Public Employees Retirement System of Ohio raised its position in shares of Criteo by 12.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 297,399 shares of the information services provider’s stock valued at $14,587,000 after buying an additional 32,367 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Criteo during the 2nd quarter valued at approximately $417,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Criteo during the 2nd quarter valued at approximately $3,274,000. 85.05% of the stock is currently owned by hedge funds and other institutional investors.
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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