Criteo SA (CRTO) Earns “Outperform” Rating from Cowen and Company
A number of other analysts have also recently commented on the stock. Susquehanna cut shares of Criteo SA from a positive rating to a neutral rating and cut their price target for the company from $48.00 to $37.00 in a research note on Tuesday, September 6th. JPMorgan Chase & Co. restated a buy rating and set a $51.00 target price on shares of Criteo SA in a research note on Tuesday, September 27th. Jefferies Group restated a buy rating and set a $63.00 target price on shares of Criteo SA in a research note on Tuesday, September 6th. Morgan Stanley restated a hold rating on shares of Criteo SA in a research note on Friday, September 16th. Finally, Zacks Investment Research upgraded shares of Criteo SA from a hold rating to a buy rating and set a $47.00 target price for the company in a research note on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $48.50.
Criteo SA (NASDAQ:CRTO) opened at 34.25 on Tuesday. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81. The firm’s 50-day moving average is $36.35 and its 200-day moving average is $41.07. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 30.88 and a beta of 2.82.
Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The firm earned $166 million during the quarter, compared to analysts’ expectations of $161.27 million. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Analysts forecast that Criteo SA will post $1.78 EPS for the current fiscal year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $44.05, for a total value of $38,587.80. Following the transaction, the chief financial officer now directly owns 103,723 shares of the company’s stock, valued at approximately $4,568,998.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $35.84, for a total transaction of $2,150,400.00. Following the completion of the transaction, the insider now directly owns 2,806,831 shares in the company, valued at $100,596,823.04. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Westpac Banking Corp purchased a new position in Criteo SA during the second quarter valued at approximately $46,976,000. 1832 Asset Management L.P. purchased a new position in Criteo SA during the first quarter valued at approximately $57,764,000. Oak Ridge Investments LLC purchased a new position in Criteo SA during the second quarter valued at approximately $36,056,000. Alken Asset Management Ltd. purchased a new position in Criteo SA during the second quarter valued at approximately $33,027,000. Finally, Jennison Associates LLC purchased a new position in Criteo SA during the second quarter valued at approximately $30,538,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.
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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