Criteo SA (CRTO) Short Interest Update
Criteo SA (NASDAQ:CRTO) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,268,317 shares, a growth of 26.5% from the August 15th total of 2,584,364 shares. Based on an average daily trading volume, of 661,150 shares, the days-to-cover ratio is presently 4.9 days. Approximately 5.7% of the shares of the company are short sold.
A number of research firms have issued reports on CRTO. TheStreet lowered shares of Criteo SA from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. Jefferies Group reissued a “buy” rating and set a $65.00 price target on shares of Criteo SA in a research report on Thursday, May 26th. Pacific Crest reissued a “buy” rating and set a $53.00 price target on shares of Criteo SA in a research report on Monday, July 11th. William Blair reaffirmed an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $48.32.
Shares of Criteo SA (NASDAQ:CRTO) opened at 36.79 on Friday. Criteo SA has a 52 week low of $24.23 and a 52 week high of $47.81. The firm has a market cap of $2.27 billion, a PE ratio of 33.17 and a beta of 2.89. The firm’s 50-day moving average is $37.51 and its 200 day moving average is $41.22.
Criteo SA (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm earned $166 million during the quarter, compared to analyst estimates of $161.27 million. Criteo SA’s revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. Equities research analysts forecast that Criteo SA will post $1.79 EPS for the current year.
In other Criteo SA news, CEO Eric Eichmann sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $40.24, for a total transaction of $402,400.00. Following the completion of the transaction, the chief executive officer now directly owns 20,920 shares of the company’s stock, valued at approximately $841,820.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $37.96, for a total transaction of $2,277,600.00. Following 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.
Several large investors have recently bought and sold shares of CRTO. Westend Capital Management LLC purchased a new stake in Criteo SA during the first quarter valued at $111,000. Envestnet Asset Management Inc. boosted its stake in Criteo SA by 133.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,016 shares of the company’s stock valued at $166,000 after buying an additional 2,293 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Criteo SA during the second quarter valued at approximately $179,000. Independent Portfolio Consultants Inc. boosted its stake in Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock valued at $205,000 after buying an additional 375 shares during the period. Finally, Albert D Mason Inc. bought a new stake in Criteo SA during the second quarter valued at approximately $210,000.
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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