Criteo SA (CRTO) Shares Up 3.4%
Criteo SA (NASDAQ:CRTO)’s share price shot up 3.4% during mid-day trading on Wednesday . The company traded as high as $45.27 and last traded at $45.18, with a volume of 108,283 shares traded. The stock had previously closed at $43.68.
A number of research firms have recently issued reports on CRTO. Jefferies Group reissued a “buy” rating on shares of Criteo SA in a research report on Monday. Pacific Crest reissued a “buy” rating and set a $53.00 price objective on shares of Criteo SA in a research report on Monday, July 11th. TheStreet cut shares of Criteo SA from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. KeyCorp reissued an “overweight” rating and set a $53.00 price objective on shares of Criteo SA in a research report on Thursday, May 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Criteo SA from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $49.46.
The firm’s 50-day moving average is $44.52 and its 200 day moving average is $39.57. The firm has a market cap of $2.77 billion and a price-to-earnings ratio of 46.36.
Criteo SA (NASDAQ:CRTO) last issued its earnings results on Wednesday, May 4th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The business earned $162 million during the quarter, compared to analysts’ expectations of $157.14 million. During the same quarter in the previous year, the business earned $0.28 EPS. Criteo SA’s revenue for the quarter was up 36.9% compared to the same quarter last year. Equities analysts expect that Criteo SA will post $1.79 earnings per share for the current year.
In other Criteo SA news, insider Romain Niccoli sold 15,375 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $40.71, for a total value of $625,916.25. Following the transaction, the insider now owns 824,826 shares in the company, valued at $33,578,666.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Benoit Fouilland sold 2,628 shares of the business’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $46.16, for a total transaction of $121,308.48. Following the completion of the transaction, the chief financial officer now owns 107,803 shares in the company, valued at approximately $4,976,186.48. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Criteo SA stock. Marshall Wace LLP boosted its position in shares of Criteo SA (NASDAQ:CRTO) by 20.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,345,215 shares of the company’s stock after buying an additional 228,942 shares during the period. Marshall Wace LLP owned about 2.18% of Criteo SA worth $53,270,000 as of its most recent SEC filing.
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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