JPMorgan Chase & Co. reiterated their buy rating on shares of Criteo SA (NASDAQ:CRTO) in a research report sent to investors on Tuesday morning. JPMorgan Chase & Co. currently has a $51.00 price target on the stock.
Other analysts have also issued research reports about the company. RBC Capital Markets set a $55.00 target price on Criteo SA and gave the company a buy rating in a report on Saturday, September 17th. Jefferies Group reiterated a buy rating and set a $65.00 price objective on shares of Criteo SA in a report on Monday, June 27th. Citigroup Inc. cut their price objective on Criteo SA from $56.00 to $51.00 and set a buy rating for the company in a report on Thursday, August 4th. William Blair reiterated an outperform rating on shares of Criteo SA in a report on Thursday, August 4th. Finally, Pacific Crest reiterated a buy rating and set a $53.00 price objective on shares of Criteo SA in a report on Monday, July 11th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $48.50.
Shares of Criteo SA (NASDAQ:CRTO) traded down 1.58% on Tuesday, hitting $35.50. The company’s stock had a trading volume of 428,213 shares. Criteo SA has a 1-year low of $24.23 and a 1-year high of $47.81. The firm has a market cap of $2.19 billion, a PE ratio of 32.01 and a beta of 2.89. The company has a 50 day moving average of $37.13 and a 200 day moving average of $41.26.
Criteo SA (NASDAQ:CRTO) last released its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The business earned $166 million during the quarter, compared to analysts’ expectations of $161.27 million. Criteo SA’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. Equities analysts forecast that Criteo SA will post $1.79 EPS for the current year.
In other Criteo SA news, insider Jean-Baptiste Rudelle sold 60,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $37.96, for a total transaction of $2,277,600.00. Following the completion of the transaction, the insider now owns 2,914,358 shares in the company, valued at $110,629,029.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Warner sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $42.50, for a total transaction of $42,500.00. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Westend Capital Management LLC acquired a new position in shares of Criteo SA during the first quarter worth approximately $111,000. A.R.T. Advisors LLC acquired a new position in shares of Criteo SA during the first quarter worth approximately $1,230,000. Jennison Associates LLC acquired a new position in shares of Criteo SA during the second quarter worth approximately $30,538,000. Envestnet Asset Management Inc. boosted its position in shares of Criteo SA by 133.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,016 shares of the company’s stock worth $166,000 after buying an additional 2,293 shares in the last quarter. Finally, Westpac Banking Corp acquired a new position in shares of Criteo SA during the second quarter worth approximately $46,976,000.
About Criteo SA
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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