Criteo SA (CRTO) Trading 3.5% Higher
Shares of Criteo SA (NASDAQ:CRTO) traded up 3.5% during mid-day trading on Thursday . The company traded as high as $38.39 and last traded at $38.18, with a volume of 523,301 shares trading hands. The stock had previously closed at $36.88.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Friday, August 5th. William Blair reaffirmed an “outperform” rating on shares of Criteo SA in a research report on Thursday, August 4th. Jefferies Group cut their price objective on Criteo SA from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Citigroup Inc. cut their price objective on Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Finally, Pacific Crest reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Criteo SA in a research report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.32.
The company has a 50-day moving average price of $40.63 and a 200-day moving average price of $41.40. The company has a market cap of $2.34 billion and a PE ratio of 34.33.
Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. During the same period in the prior year, the firm posted $0.15 earnings per share. The company had revenue of $166 million for the quarter, compared to the consensus estimate of $161.27 million. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. Equities research analysts forecast that Criteo SA will post $1.80 earnings per share for the current year.
In other news, insider Romain Niccoli sold 15,385 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $46.51, for a total value of $715,556.35. Following the completion of the transaction, the insider now directly owns 838,001 shares of the company’s stock, valued at $38,975,426.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Benoit Fouilland sold 676 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $46.00, for a total value of $31,096.00. Following the completion of the transaction, the chief financial officer now directly owns 111,307 shares of the company’s stock, valued at $5,120,122. 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.
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