RBC Capital Markets Reaffirms Buy Rating for Criteo SA (CRTO)
Criteo SA (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by stock analysts at RBC Capital Markets in a research report issued on Tuesday. They currently have a $55.00 price objective on the stock. RBC Capital Markets’ price target would indicate a potential upside of 53.80% from the stock’s previous close.
A number of other brokerages also recently issued reports on CRTO. Jefferies Group reiterated a “buy” rating on shares of Criteo SA in a report on Monday, July 18th. Pacific Crest reiterated a “buy” rating and issued a $53.00 price target on shares of Criteo SA in a report on Monday, July 11th. William Blair reiterated an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Friday, August 5th. Finally, Citigroup Inc. cut their price target on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.50.
Criteo SA (NASDAQ:CRTO) traded up 3.05% during trading on Tuesday, reaching $36.85. 671,019 shares of the company’s stock traded hands. The firm has a market capitalization of $2.27 billion, a PE ratio of 33.23 and a beta of 2.89. Criteo SA has a 1-year low of $24.23 and a 1-year high of $47.81. The firm has a 50 day moving average of $36.60 and a 200 day moving average of $41.19.
Criteo SA (NASDAQ:CRTO) last released its earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping 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. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue was up 35.4% on a year-over-year basis. Equities analysts forecast that Criteo SA will post $1.79 EPS for the current year.
In related news, insider Jean-Baptiste Rudelle sold 60,000 shares of the firm’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 sale, the insider now directly owns 2,914,358 shares of the company’s stock, valued at $110,629,029.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Benoit Fouilland sold 876 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $43.80, for a total transaction of $38,368.80. Following the completion of the sale, the chief financial officer now directly owns 103,899 shares in the company, valued at $4,550,776.20. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. bought a new stake in Criteo SA during the first quarter valued at about $7,977,000. 1832 Asset Management L.P. bought a new stake in Criteo SA during the first quarter valued at about $57,764,000. Lazard Asset Management LLC boosted its stake in Criteo SA by 33.0% in the first quarter. Lazard Asset Management LLC now owns 15,429 shares of the company’s stock valued at $638,000 after buying an additional 3,829 shares in the last quarter. UBS Group AG boosted its stake in Criteo SA by 33.4% in the first quarter. UBS Group AG now owns 21,567 shares of the company’s stock valued at $893,000 after buying an additional 5,398 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in Criteo SA by 2.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 195,973 shares of the company’s stock valued at $8,117,000 after buying an additional 5,225 shares in the last quarter.
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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