Criteo SA (CRTO) Sees Strong Trading Volume
Shares of Criteo SA (NASDAQ:CRTO) saw an uptick in trading volume on Monday . 629,962 shares were traded during trading, a decline of 5% from the previous session’s volume of 663,257 shares.The stock last traded at $36.54 and had previously closed at $36.09.
A number of research firms have recently commented on CRTO. Morgan Stanley reiterated a “hold” rating and set a $39.00 target price on shares of Criteo SA in a research note on Monday, May 2nd. KeyCorp restated an “overweight” rating and issued a $53.00 price objective on shares of Criteo SA in a research note on Thursday, May 5th. Royal Bank Of Canada lowered their price objective on Criteo SA from $58.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, May 5th. Jefferies Group restated a “buy” rating and issued a $65.00 price objective on shares of Criteo SA in a research note on Thursday, May 5th. Finally, Pacific Crest restated a “buy” rating and issued a $53.00 price objective on shares of Criteo SA in a research note on Monday, July 11th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $49.32.
The firm has a market capitalization of $2.24 billion and a P/E ratio of 32.80. The company has a 50-day moving average of $41.94 and a 200 day moving average of $41.15.
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $166 million for the quarter, compared to analysts’ expectations of $161.27 million. During the same period last year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 35.4% on a year-over-year basis. On average, equities research analysts forecast that Criteo SA will post $1.80 EPS for the current fiscal year.
In other Criteo SA news, CEO Eric Eichmann sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $46.03, for a total value of $239,356.00. Following the transaction, the chief executive officer now directly owns 25,720 shares of the company’s stock, valued at $1,183,891.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Baptiste Rudelle sold 76,100 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $43.79, for a total value of $3,332,419.00. Following the completion of the transaction, the insider now directly owns 2,969,301 shares in the company, valued at $130,025,690.79. The disclosure for this sale can be found here.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.