Criteo S.A. (NASDAQ:CRTO) had its price objective trimmed by BMO Capital Markets from $70.00 to $60.00 in a research report report published on Monday morning. The firm currently has an outperform rating on the information services provider’s stock.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Criteo from a hold rating to a strong sell rating in a report on Thursday, October 26th. Macquarie assumed coverage on shares of Criteo in a report on Thursday, October 12th. They set a neutral rating and a $51.00 price target for the company. Morgan Stanley reaffirmed an equal weight rating and set a $46.00 price target (down from $50.00) on shares of Criteo in a report on Monday, October 2nd. JMP Securities began coverage on shares of Criteo in a report on Monday, October 2nd. They set an outperform rating and a $60.00 price target for the company. Finally, Berenberg Bank reiterated a buy rating and set a $63.00 price objective on shares of Criteo in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Criteo presently has a consensus rating of Hold and a consensus target price of $54.32.
Shares of Criteo (NASDAQ:CRTO) traded down $0.07 during midday trading on Monday, reaching $37.67. The company’s stock had a trading volume of 1,250,572 shares, compared to its average volume of 984,327. The firm has a market cap of $2.25 billion, a P/E ratio of 24.43 and a beta of 2.64.
Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. The business had revenue of $220.00 million during the quarter, compared to analyst estimates of $212.55 million. Criteo had a net margin of 3.54% and a return on equity of 14.93%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. equities analysts anticipate that Criteo will post 1.72 EPS for the current fiscal year.
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In other news, insider Jean-Baptiste Rudelle sold 11,977 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $41.72, for a total value of $499,680.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Mary Spilman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $49.50, for a total transaction of $990,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,075 shares of company stock worth $10,426,240. Insiders own 5.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. First Quadrant L P CA bought a new position in shares of Criteo in the 3rd quarter worth about $129,000. Perigon Wealth Management LLC acquired a new stake in shares of Criteo in the 2nd quarter worth about $137,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Criteo in the 1st quarter worth about $230,000. Pictet & Cie Europe SA increased its holdings in shares of Criteo by 23.5% in the 2nd quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock worth $268,000 after acquiring an additional 1,040 shares during the period. Finally, Janney Capital Management LLC increased its holdings in shares of Criteo by 39.4% in the 2nd quarter. Janney Capital Management LLC now owns 6,046 shares of the information services provider’s stock worth $296,000 after acquiring an additional 1,709 shares during the period. Institutional investors own 84.31% 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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