Criteo S.A. (CRTO) CRO Sells $990,000.00 in Stock
Criteo S.A. (NASDAQ:CRTO) CRO Mary Spilman sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $49.50, for a total transaction of $990,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Criteo S.A. (NASDAQ:CRTO) traded down 2.24% during trading on Thursday, hitting $48.88. 405,681 shares of the company were exchanged. Criteo S.A. has a 12 month low of $32.83 and a 12 month high of $56.00. The company’s 50-day moving average price is $50.02 and its 200 day moving average price is $49.62. The stock has a market cap of $3.01 billion, a P/E ratio of 46.07 and a beta of 2.71.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Criteo had a net margin of 3.48% and a return on equity of 14.62%. The company had revenue of $220 million for the quarter, compared to the consensus estimate of $212.55 million. During the same period last year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities analysts predict that Criteo S.A. will post $2.43 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Epoch Investment Partners Inc. acquired a new position in Criteo during the first quarter worth about $53,424,000. Jericho Capital Asset Management L.P. acquired a new position in Criteo during the first quarter worth about $44,883,000. Bank of New York Mellon Corp increased its position in Criteo by 111.4% in the first quarter. Bank of New York Mellon Corp now owns 1,638,336 shares of the information services provider’s stock worth $81,899,000 after buying an additional 863,485 shares during the last quarter. Sarasin & Partners LLP acquired a new position in Criteo during the second quarter worth about $39,876,000. Finally, TD Asset Management Inc. acquired a new position in Criteo during the first quarter worth about $29,497,000. Institutional investors own 85.03% of the company’s stock.
Several research firms have commented on CRTO. BidaskClub upgraded shares of Criteo from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Royal Bank Of Canada boosted their price target on shares of Criteo from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price target on shares of Criteo in a research note on Monday, May 15th. Stifel Nicolaus set a $50.00 price target on shares of Criteo and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.98.
Criteo SA is a France-based company specializing in digital performance marketing. Its 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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