Other equities research analysts have also recently issued reports about the company. Jefferies Group decreased their price target on Criteo SA from $65.00 to $63.00 and set a buy rating for the company in a research note on Thursday, August 4th. Citigroup Inc. reduced their price objective on Criteo SA from $56.00 to $51.00 and set a buy rating for the company in a research note on Thursday, August 4th. Pacific Crest restated a buy rating and issued a $53.00 price objective on shares of Criteo SA in a research note on Monday, July 11th. Zacks Investment Research upgraded Criteo SA from a hold rating to a buy rating and set a $47.00 price objective for the company in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. restated a buy rating and issued a $51.00 price objective on shares of Criteo SA in a research note on Tuesday, September 27th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Criteo SA presently has an average rating of Buy and a consensus price target of $48.50.
Criteo SA (NASDAQ:CRTO) opened at 34.25 on Tuesday. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 30.88 and a beta of 2.82. Criteo SA has a 12 month low of $24.23 and a 12 month high of $47.81. The firm has a 50-day moving average price of $36.35 and a 200-day moving average price of $41.07.
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Criteo SA had a return on equity of 15.20% and a net margin of 4.72%. The company earned $166 million during the quarter, compared to analysts’ expectations of $161.27 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s revenue was up 35.4% compared to the same quarter last year. Equities research analysts expect that Criteo SA will post $1.78 earnings per share for the current fiscal year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $43.80, for a total value of $38,368.80. Following the sale, the chief financial officer now directly owns 103,899 shares of the company’s stock, valued at $4,550,776.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $35.84, for a total value of $2,150,400.00. Following the completion of the sale, the insider now directly owns 2,806,831 shares in the company, valued at $100,596,823.04. The disclosure for this sale can be found here. 8.70% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Westpac Banking Corp acquired a new stake in shares of Criteo SA during the second quarter valued at approximately $46,976,000. 1832 Asset Management L.P. purchased a new stake in shares of Criteo SA during the first quarter worth about $57,764,000. Oak Ridge Investments LLC purchased a new stake in shares of Criteo SA during the second quarter worth about $36,056,000. Alken Asset Management Ltd. purchased a new stake in shares of Criteo SA during the second quarter worth about $33,027,000. Finally, Jennison Associates LLC purchased a new stake in shares of Criteo SA during the second quarter worth about $30,538,000. 69.29% of the stock is currently owned by institutional investors.
Criteo SA Company Profile
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s 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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