Jefferies Group Reaffirms Buy Rating for Criteo SA (CRTO)
CRTO has been the topic of several other research reports. Susquehanna lowered Criteo SA from a positive rating to a neutral rating and cut their target price for the company from $48.00 to $37.00 in a research note on Tuesday, September 6th. TheStreet lowered Criteo SA from a buy rating to a hold rating in a research note on Friday, June 3rd. Zacks Investment Research upgraded Criteo SA from a hold rating to a buy rating and set a $47.00 price target on the stock in a research note on Friday, August 5th. Pacific Crest restated a buy rating and set a $53.00 price target on shares of Criteo SA in a research note on Monday, July 11th. Finally, William Blair restated an outperform rating on shares of Criteo SA in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Criteo SA has a consensus rating of Buy and an average target price of $48.97.
Shares of Criteo SA (NASDAQ:CRTO) opened at 35.81 on Friday. The company has a 50-day moving average of $37.82 and a 200 day moving average of $41.28. Criteo SA has a 12-month low of $24.23 and a 12-month high of $47.81. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 32.29 and a beta of 2.89.
Criteo SA (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The company earned $166 million during the quarter, compared to analysts’ expectations of $161.27 million. During the same quarter last year, the firm earned $0.15 EPS. Criteo SA’s revenue for the quarter was up 35.4% on a year-over-year basis. Analysts predict that Criteo SA will post $1.79 earnings per share for the current year.
In other Criteo SA news, insider Romain Niccoli sold 15,375 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $40.71, for a total value of $625,916.25. Following the completion of the transaction, the insider now directly owns 824,826 shares of the company’s stock, valued at $33,578,666.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $37.96, for a total value of $2,277,600.00. Following the completion of the transaction, the insider now directly owns 2,914,358 shares of the company’s stock, valued at $110,629,029.68. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cheyne Capital Management UK LLP bought a new position in shares of Criteo SA during the first quarter worth about $1,657,000. Regent Investment Management LLC increased its position in shares of Criteo SA by 7.1% in the first quarter. Regent Investment Management LLC now owns 7,500 shares of the company’s stock valued at $311,000 after buying an additional 500 shares during the last quarter. BTC Capital Management Inc. acquired a new position in shares of Criteo SA during the first quarter valued at $217,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Criteo SA during the first quarter valued at $7,977,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Criteo SA during the first quarter valued at $57,764,000.
About Criteo SA
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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