Morgan Stanley Reiterates “Hold” Rating for Criteo SA (CRTO)
Criteo SA (NASDAQ:CRTO)‘s stock had its “hold” rating reissued by research analysts at Morgan Stanley in a research note issued on Friday.
The analysts wrote, “We remain concerned that wireline carriers are facing increasingly tough competition from cable and will need to ramp investment to improve broadband speeds or face accelerating subscriber losses as seen last quarter. C T L . N We derive our $27 price target by applying a ~8% div. yld (+325 bps v AT&T) 5.7x 2017 MSe EV/EBITDA. We believe CenturyLink should trade at a valuation discount to the Bells given more challenging revenue and margin trends.””
CRTO has been the topic of several other research reports. Jefferies Group reissued a “buy” rating and set a $63.00 target price on shares of Criteo SA in a report on Tuesday, September 6th. Susquehanna cut Criteo SA from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $37.00 in a report on Tuesday, September 6th. TheStreet cut Criteo SA from a “buy” rating to a “hold” rating in a report on Friday, June 3rd. Zacks Investment Research raised Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Friday, August 5th. Finally, Pacific Crest reissued a “buy” rating and set a $53.00 target price on shares of Criteo SA in a report on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.97.
Shares of Criteo SA (NASDAQ:CRTO) opened at 36.11 on Friday. The stock’s 50 day moving average price is $38.04 and its 200 day moving average price is $41.31. Criteo SA has a 12-month low of $24.23 and a 12-month high of $47.81. The firm has a market cap of $2.22 billion, a PE ratio of 32.56 and a beta of 2.89.
Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $166 million for the quarter, compared to analyst estimates of $161.27 million. The business’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, equities research analysts predict that Criteo SA will post $1.79 EPS for the current fiscal year.
In other news, CFO Benoit Fouilland sold 876 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $42.02, for a total transaction of $36,809.52. Following the transaction, the chief financial officer now directly owns 107,027 shares in the company, valued at approximately $4,497,274.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Romain Niccoli sold 15,375 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $40.71, for a total transaction of $625,916.25. Following the transaction, the insider now owns 824,826 shares in the company, valued at $33,578,666.46. The disclosure for this sale can be found here.
Several institutional investors have recently bought and sold shares of the stock. Westpac Banking Corp bought a new position in Criteo SA during the second quarter valued at approximately $46,976,000. 1832 Asset Management L.P. acquired a new stake in shares of Criteo SA during the first quarter worth about $57,764,000. Oak Ridge Investments LLC acquired a new stake in shares of Criteo SA during the second quarter worth about $36,056,000. Alken Asset Management Ltd. acquired a new stake in shares of Criteo SA during the second quarter worth about $33,027,000. Finally, Jennison Associates LLC acquired a new stake in shares of Criteo SA during the second quarter worth about $30,538,000.
Criteo SA Company Profile
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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