Criteo SA (CRTO) Receives $49.35 Consensus Target Price from Brokerages
Shares of Criteo SA (NASDAQ:CRTO) have been given a consensus recommendation of “Buy” by the eighteen analysts that are currently covering the company. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $49.35.
A number of brokerages recently commented on CRTO. RBC Capital Markets set a $55.00 price objective on shares of Criteo SA and gave the stock a “buy” rating in a research note on Saturday, September 17th. Jefferies Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of Criteo SA in a report on Monday, June 27th. Zacks Investment Research lowered shares of Criteo SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Citigroup Inc. cut their price target on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th.
Criteo SA (NASDAQ:CRTO) opened at 33.48 on Thursday. Criteo SA has a one year low of $24.23 and a one year high of $47.81. The company has a market capitalization of $2.06 billion, a PE ratio of 30.19 and a beta of 2.82. The company has a 50-day moving average price of $35.84 and a 200-day moving average price of $40.81.
Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company earned $166 million during the quarter, compared to the consensus estimate of $161.27 million. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. Criteo SA’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Analysts expect that Criteo SA will post $1.78 earnings per share for the current fiscal year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of the company’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 completion of the transaction, the chief financial officer now owns 103,723 shares in the company, valued at $4,568,998.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was 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 owns 2,806,831 shares of the company’s stock, valued at approximately $100,596,823.04. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Allianz Asset Management AG increased its position in shares of Criteo SA by 53.1% in the second quarter. Allianz Asset Management AG now owns 1,837,911 shares of the company’s stock worth $84,397,000 after buying an additional 637,376 shares during the period. Henderson Group PLC increased its position in shares of Criteo SA by 14.2% in the second quarter. Henderson Group PLC now owns 1,130,846 shares of the company’s stock worth $51,957,000 after buying an additional 140,288 shares during the period. American Century Companies Inc. increased its position in shares of Criteo SA by 12.9% in the second quarter. American Century Companies Inc. now owns 1,089,924 shares of the company’s stock worth $50,049,000 after buying an additional 124,330 shares during the period. Westpac Banking Corp purchased a new position in shares of Criteo SA during the second quarter worth $46,976,000. Finally, Ameriprise Financial Inc. increased its position in shares of Criteo SA by 20.0% in the second quarter. Ameriprise Financial Inc. now owns 890,735 shares of the company’s stock worth $40,902,000 after buying an additional 148,648 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.
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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