Criteo S.A. (NASDAQ:CRTO) has earned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities 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 average 12-month price target among analysts that have issued ratings on the stock in the last year is $56.71.
A number of research analysts have commented on the company. BidaskClub upgraded Criteo from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada increased their price target on Criteo from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Jefferies Group LLC reissued 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 objective on Criteo and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday.
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In other Criteo news, Director Pesquidoux Hubert De sold 10,000 shares of Criteo stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $52.63, for a total value of $526,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Benoit Fouilland sold 12,500 shares of Criteo stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $50.93, for a total value of $636,625.00. The disclosure for this sale can be found here. Insiders sold a total of 630,953 shares of company stock worth $32,056,184 in the last three months. Company insiders own 5.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in CRTO. Macquarie Group Ltd. bought a new position in shares of Criteo during the fourth quarter valued at $1,660,000. Stifel Financial Corp boosted its position in shares of Criteo by 3.9% in the first quarter. Stifel Financial Corp now owns 16,883 shares of the information services provider’s stock valued at $843,000 after buying an additional 629 shares during the last quarter. Nationwide Fund Advisors bought a new position in shares of Criteo during the first quarter valued at $1,785,000. Credit Suisse AG boosted its position in shares of Criteo by 43.8% in the first quarter. Credit Suisse AG now owns 275,526 shares of the information services provider’s stock valued at $13,774,000 after buying an additional 83,950 shares during the last quarter. Finally, Exane Derivatives boosted its position in shares of Criteo by 15.3% in the second quarter. Exane Derivatives now owns 124,644 shares of the information services provider’s stock valued at $6,112,000 after buying an additional 16,514 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.
Shares of Criteo (CRTO) opened at 50.00 on Monday. Criteo has a 1-year low of $32.83 and a 1-year high of $56.00. The company has a market cap of $3.08 billion, a P/E ratio of 47.13 and a beta of 2.71. The stock has a 50 day moving average price of $50.02 and a 200-day moving average price of $49.62.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $220 million for the quarter, compared to analyst estimates of $212.55 million. Criteo had a return on equity of 14.62% and a net margin of 3.48%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. Analysts predict that Criteo will post $2.46 earnings per share for the current fiscal year.
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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