Macquarie Begins Coverage on Criteo S.A. (CRTO)
Macquarie began coverage on shares of Criteo S.A. (NASDAQ:CRTO) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $51.00 price target on the information services provider’s stock.
A number of other research analysts also recently weighed in on CRTO. BidaskClub raised shares of Criteo from a sell rating to a hold rating in a research report on Wednesday, June 21st. Cowen and Company reissued an outperform rating and set a $60.00 target price on shares of Criteo in a research report on Thursday, June 22nd. KeyCorp started coverage on shares of Criteo in a research report on Monday, July 31st. They set an overweight rating and a $62.00 target price for the company. Royal Bank Of Canada reissued a buy rating and set a $60.00 target price on shares of Criteo in a research report on Monday, July 31st. Finally, BMO Capital Markets started coverage on shares of Criteo in a research report on Tuesday, August 1st. They set an outperform rating and a $70.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $55.70.
Shares of Criteo (CRTO) traded up 0.69% during midday trading on Thursday, hitting $44.96. The stock had a trading volume of 669,080 shares. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 42.38 and a beta of 2.66. Criteo has a 52 week low of $33.24 and a 52 week high of $56.00. The stock’s 50-day moving average price is $44.10 and its 200 day moving average price is $48.89.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The firm had revenue of $220.00 million during the quarter, compared to the consensus estimate of $212.55 million. During the same period in the prior year, the firm earned $0.33 EPS. The company’s revenue was up 32.5% compared to the same quarter last year. On average, equities analysts forecast that Criteo will post $2.43 earnings per share for the current year.
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In other Criteo news, Director James Warner sold 1,250 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $42.21, for a total value of $52,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 36,168 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $50.66, for a total transaction of $1,832,270.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 357,750 shares of company stock valued at $17,631,047. 5.60% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its holdings in Criteo by 53.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock valued at $737,000 after purchasing an additional 5,233 shares during the period. Todd Asset Management LLC boosted its holdings in Criteo by 29.7% in the 2nd quarter. Todd Asset Management LLC now owns 163,861 shares of the information services provider’s stock valued at $8,038,000 after purchasing an additional 37,550 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in Criteo by 24.2% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 308,873 shares of the information services provider’s stock valued at $15,150,000 after purchasing an additional 60,260 shares during the period. Geode Capital Management LLC boosted its holdings in Criteo by 17.9% in the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock valued at $1,612,000 after purchasing an additional 4,888 shares during the period. Finally, Letko Brosseau & Associates Inc. bought a new position in Criteo in the 2nd quarter valued at $17,235,000. 85.05% of the stock is owned by hedge funds and other institutional investors.
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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