Criteo SA (CRTO) Trading 3.5% Higher
Criteo SA (NASDAQ:CRTO) shares traded up 3.5% on Thursday . The stock traded as high as $38.39 and last traded at $38.18, with a volume of 523,301 shares traded. The stock had previously closed at $36.88.
Several research analysts have recently weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $65.00 target price on shares of Criteo SA in a research report on Monday, June 27th. Citigroup Inc. decreased 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. William Blair restated an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Pacific Crest restated a “buy” rating and set a $53.00 price target on shares of Criteo SA in a report on Monday, July 11th. Finally, 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. Three 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 presently has an average rating of “Buy” and a consensus target price of $49.32.
The firm has a 50-day moving average of $40.39 and a 200-day moving average of $41.38. The stock has a market cap of $2.38 billion and a PE ratio of 34.81.
Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $166 million for the quarter, compared to the consensus estimate of $161.27 million. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, equities analysts forecast that Criteo SA will post $1.80 earnings per share for the current fiscal year.
In related news, CFO Benoit Fouilland sold 2,884 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $45.79, for a total transaction of $132,058.36. Following the completion of the sale, the chief financial officer now owns 113,059 shares in the company, valued at $5,176,971.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Romain Niccoli sold 15,385 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $45.24, for a total value of $696,017.40. Following the sale, the insider now owns 868,771 shares of the company’s stock, valued at approximately $39,303,200.04. The disclosure for this sale can be found here.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.