Criteo SA (CRTO) Shares Up 4.1%
Criteo SA (NASDAQ:CRTO) shares shot up 4.1% during trading on Thursday . The company traded as high as $44.08 and last traded at $43.70, with a volume of 362,271 shares trading hands. The stock had previously closed at $41.99.
A number of research firms have commented on CRTO. Royal Bank Of Canada reiterated an “outperform” rating and set a $55.00 price objective (down from $58.00) on shares of Criteo SA in a research note on Wednesday, May 4th. Jefferies Group reiterated a “buy” rating and set a $65.00 price objective on shares of Criteo SA in a research note on Thursday, May 5th. Morgan Stanley reiterated a “hold” rating and set a $39.00 price objective on shares of Criteo SA in a research note on Monday, May 2nd. TheStreet upgraded shares of Criteo SA from a “hold” rating to a “buy” rating in a research report on Thursday, April 21st. Finally, KeyCorp restated an “overweight” rating and issued a $53.00 price target on shares of Criteo SA in a research report on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Criteo SA has a consensus rating of “Buy” and a consensus target price of $49.46.
The company’s 50-day moving average is $44.14 and its 200-day moving average is $39.89. The company has a market cap of $2.72 billion and a PE ratio of 45.56.
Criteo SA (NASDAQ:CRTO) last released its earnings results on Wednesday, May 4th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $162 million for the quarter, compared to the consensus estimate of $157.14 million. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. Equities analysts forecast that Criteo SA will post $1.79 earnings per share for the current year.
In other news, CFO Benoit Fouilland sold 876 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $44.05, for a total transaction of $38,587.80. Following the transaction, the chief financial officer now owns 103,723 shares of the company’s stock, valued at $4,568,998.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Romain Niccoli sold 15,385 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $46.51, for a total value of $715,556.35. Following the transaction, the insider now directly owns 838,001 shares in the company, valued at approximately $38,975,426.51. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Criteo SA stock. Marshall Wace LLP raised its position in shares of Criteo SA (NASDAQ:CRTO) by 20.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,345,215 shares of the company’s stock after buying an additional 228,942 shares during the period. Marshall Wace LLP owned approximately 2.18% of Criteo SA worth $53,270,000 as of its most recent SEC filing.
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s 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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