Criteo SA (CRTO) CEO Jean-Baptiste Rudelle Acquires 22,000 Shares

Criteo SA (NASDAQ:CRTO) CEO Jean-Baptiste Rudelle acquired 22,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were bought at an average cost of $23.42 per share, for a total transaction of $515,240.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Criteo stock traded up $0.76 during trading hours on Monday, reaching $24.06. 4,971 shares of the company’s stock traded hands, compared to its average volume of 712,054. Criteo SA has a fifty-two week low of $19.13 and a fifty-two week high of $36.66. The company has a market cap of $1.57 billion, a PE ratio of 14.83, a PEG ratio of 3.06 and a beta of 1.49.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, October 31st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Criteo had a net margin of 4.50% and a return on equity of 12.98%. The company had revenue of $223.00 million for the quarter, compared to the consensus estimate of $222.00 million. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts expect that Criteo SA will post 1.52 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Criteo from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “sell” rating in a report on Monday, October 15th. KeyCorp decreased their price objective on shares of Criteo from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 1st. Nomura cut their target price on shares of Criteo from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, November 1st. Finally, DA Davidson started coverage on shares of Criteo in a research report on Monday, October 8th. They set a “neutral” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Criteo presently has an average rating of “Hold” and a consensus price target of $31.44.

Several large investors have recently made changes to their positions in CRTO. Regal Investment Advisors LLC raised its position in shares of Criteo by 46.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock valued at $214,000 after acquiring an additional 2,968 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $249,000. TD Asset Management Inc. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $249,000. Mount Yale Investment Advisors LLC raised its position in shares of Criteo by 58.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock valued at $355,000 after acquiring an additional 4,000 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $366,000. Institutional investors and hedge funds own 81.27% of the company’s stock.

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About Criteo

Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.

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