Criteo S.A. (CRTO) Given “Buy” Rating at BMO Capital Markets
BMO Capital Markets reaffirmed their buy rating on shares of Criteo S.A. (NASDAQ:CRTO) in a research report released on Wednesday morning. They currently have a $70.00 target price on the information services provider’s stock.
Several other research analysts have also recently issued reports on the stock. Cowen and Company reiterated an outperform rating and issued a $60.00 price objective on shares of Criteo in a report on Thursday, June 22nd. Jefferies Group LLC reiterated a buy rating and issued a $48.80 price objective (down from $66.00) on shares of Criteo in a report on Tuesday, June 6th. BidaskClub upgraded shares of Criteo from a sell rating to a hold rating in a report on Wednesday, June 21st. Royal Bank Of Canada reiterated a buy rating and issued a $60.00 price objective on shares of Criteo in a report on Monday, July 31st. Finally, Deutsche Bank AG increased their price objective on shares of Criteo from $64.00 to $65.00 and gave the company a buy rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $55.98.
Shares of Criteo (NASDAQ:CRTO) traded down 3.02% on Wednesday, hitting $43.72. The company had a trading volume of 1,705,086 shares. Criteo has a 12 month low of $32.83 and a 12 month high of $56.00.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $212.55 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. On average, equities research analysts forecast that Criteo will post $2.44 EPS for the current year.
In related news, insider Jean-Baptiste Rudelle sold 129,075 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $47.40, for a total value of $6,118,155.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Benoit Fouilland sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $49.17, for a total transaction of $307,312.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 523,980 shares of company stock valued at $25,569,623. 5.60% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CRTO. Perigon Wealth Management LLC purchased a new stake in shares of Criteo in the 2nd quarter valued at approximately $137,000. Fifth Third Bancorp purchased a new stake in shares of Criteo in the 1st quarter valued at approximately $176,000. Pictet & Cie Europe SA purchased a new stake in shares of Criteo in the 1st quarter valued at approximately $221,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Criteo in the 1st quarter valued at approximately $230,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Criteo by 88.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after acquiring an additional 2,203 shares in the last quarter. Institutional investors and hedge funds own 84.40% of the company’s stock.
Criteo Company Profile
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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