Criteo SA (CRTO) Trading Up 4.1%
Shares of Criteo SA (NASDAQ:CRTO) were up 4.1% during trading on Thursday . The company traded as high as $44.08 and last traded at $43.70, with a volume of 362,271 shares traded. The stock had previously closed at $41.99.
A number of analysts have recently commented on CRTO shares. Citigroup Inc. started coverage on shares of Criteo SA in a research note on Monday, April 11th. They set a “buy” rating and a $56.00 target price for the company. Pacific Crest reissued an “overweight” rating on shares of Criteo SA in a research note on Tuesday, April 19th. TheStreet raised shares of Criteo SA from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Morgan Stanley reissued a “hold” rating and set a $39.00 target price on shares of Criteo SA in a research note on Monday, May 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $55.00 target price (down previously from $58.00) on shares of Criteo SA in a research note on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Criteo SA currently has an average rating of “Buy” and an average price target of $49.46.
The firm’s 50-day moving average is $44.21 and its 200-day moving average is $39.78. The stock has a market cap of $2.71 billion and a P/E ratio of 45.39.
Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.09. The company earned $162 million during the quarter, compared to analyst estimates of $157.14 million. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. Equities research analysts predict that Criteo SA will post $1.79 earnings per share for the current fiscal year.
In related news, CFO Benoit Fouilland sold 676 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $46.00, for a total value of $31,096.00. Following the completion of the sale, the chief financial officer now owns 111,307 shares in the company, valued at $5,120,122. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jean-Baptiste Rudelle sold 77,756 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $42.55, for a total transaction of $3,308,517.80. Following the completion of the sale, the chairman now owns 3,290,190 shares of the company’s stock, valued at approximately $139,997,584.50. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Criteo SA stock. Marshall Wace LLP increased its stake in shares of Criteo SA (NASDAQ:CRTO) by 20.5% during the fourth quarter, according to its most recent disclosure 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 2.18% of Criteo SA worth $53,270,000 at the end of the most recent reporting period.
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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