Criteo SA (CRTO) Short Interest Update
Criteo SA (NASDAQ:CRTO) was the target of a significant 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 volume of 661,150 shares, the days-to-cover ratio is presently 4.9 days. Currently, 5.7% of the shares of the company are short sold.
Several research firms have recently commented on CRTO. RBC Capital Markets set a $55.00 price target on Criteo SA and gave the stock a “buy” rating in a research note on Saturday, September 17th. Jefferies Group restated a “buy” rating and set a $65.00 price target on shares of Criteo SA in a research note on Monday, June 27th. Citigroup Inc. cut their price target on Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. William Blair restated an “outperform” rating on shares of Criteo SA in a research note on Thursday, August 4th. Finally, Pacific Crest reiterated a “buy” rating and issued a $53.00 price objective on shares of Criteo SA in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Criteo SA has a consensus rating of “Buy” and a consensus price target of $48.32.
In other news, CFO Benoit Fouilland sold 876 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $42.02, for a total transaction of $36,809.52. Following the completion of the sale, the chief financial officer now owns 107,027 shares in the company, valued at $4,497,274.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Romain Niccoli sold 15,375 shares of the company’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 sale, the insider now owns 824,826 shares of the company’s stock, valued at approximately $33,578,666.46. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westend Capital Management LLC bought a new position in Criteo SA during the first quarter worth about $111,000. Envestnet Asset Management Inc. raised its position in Criteo SA by 133.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,016 shares of the company’s stock worth $166,000 after buying an additional 2,293 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Criteo SA during the second quarter worth about $179,000. Independent Portfolio Consultants Inc. raised its position in Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock worth $205,000 after buying an additional 375 shares in the last quarter. Finally, Albert D Mason Inc. bought a new position in Criteo SA during the second quarter worth about $210,000.
Shares of Criteo SA (NASDAQ:CRTO) opened at 36.79 on Friday. Criteo SA has a 1-year low of $24.23 and a 1-year high of $47.81. The company’s 50 day moving average price is $37.51 and its 200-day moving average price is $41.22. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 33.17 and a beta of 2.89.
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $166 million for the quarter, compared to analyst estimates of $161.27 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. Equities analysts expect that Criteo SA will post $1.79 EPS for the current fiscal year.
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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