Susquehanna Bancshares Inc Trims Criteo S.A. (CRTO) Target Price to $43.00
Criteo S.A. (NASDAQ:CRTO) had its price objective dropped by research analysts at Susquehanna Bancshares Inc from $50.00 to $43.00 in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the information services provider’s stock. Susquehanna Bancshares Inc’s price target would suggest a potential upside of 2.94% from the stock’s previous close.
A number of other equities analysts also recently issued reports on CRTO. Citigroup Inc. decreased their price objective on Criteo from $61.00 to $51.00 and set a “buy” rating for the company in a report on Thursday. Zacks Investment Research downgraded Criteo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. BMO Capital Markets restated a “buy” rating on shares of Criteo in a report on Thursday. Jefferies Group LLC downgraded Criteo from a “buy” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp started coverage on Criteo in a report on Monday, July 31st. They set an “overweight” rating and a $62.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.32.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $220.00 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%. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share.
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In other news, insider Jean-Baptiste Rudelle sold 103,533 shares of Criteo stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $47.90, for a total transaction of $4,959,230.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dan Teodosiu sold 1,500 shares of Criteo stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $50.10, for a total value of $75,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 207,098 shares of company stock worth $9,926,560. Insiders own 5.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of CRTO. BNP Paribas Arbitrage SA raised its stake in Criteo by 53.4% during 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 raised its stake in Criteo by 29.7% during 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. raised its stake in Criteo by 24.2% during 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 raised its stake in Criteo by 17.9% during 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 stake in Criteo during the 2nd quarter valued at approximately $17,235,000. 84.31% of the stock is currently 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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