Criteo SA (NASDAQ:CRTO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “
Other equities research analysts also recently issued reports about the stock. RBC Capital Markets set a $55.00 price target on shares of Criteo SA and gave the company a “buy” rating in a research note on Saturday, September 17th. Cowen and Company reissued an “outperform” rating on shares of Criteo SA in a research note on Tuesday. Jefferies Group reissued a “buy” rating and issued a $65.00 price target on shares of Criteo SA in a research note on Monday, June 27th. Citigroup Inc. reduced their price target on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Finally, William Blair reissued an “outperform” rating on shares of Criteo SA in a research note on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.50.
Criteo SA (NASDAQ:CRTO) traded up 2.43% on Tuesday, hitting $36.63. 944,205 shares of the company’s stock were exchanged. The company has a market cap of $2.26 billion, a PE ratio of 33.03 and a beta of 2.89. The company’s 50-day moving average price is $36.60 and its 200-day moving average price is $41.19. Criteo SA has a 12-month low of $24.23 and a 12-month high of $47.81.
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company earned $166 million during the quarter, compared to analysts’ expectations of $161.27 million. Criteo SA’s revenue was up 35.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. Analysts forecast that Criteo SA will post $1.79 earnings per share for the current year.
In other Criteo SA news, CEO Eric Eichmann sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $40.24, for a total transaction of $402,400.00. Following the completion of the transaction, the chief executive officer now owns 20,920 shares in the company, valued at approximately $841,820.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $37.96, for a total transaction of $2,277,600.00. Following the transaction, the insider now owns 2,914,358 shares of the company’s stock, valued at approximately $110,629,029.68. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. Macquarie Group Ltd. purchased a new position in Criteo SA during the second quarter valued at approximately $900,000. Royal Bank of Canada boosted its position in Criteo SA by 142.4% in the second quarter. Royal Bank of Canada now owns 8,454 shares of the company’s stock valued at $388,000 after buying an additional 4,966 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Criteo SA during the second quarter valued at approximately $12,170,000. Lebenthal Holdings LLC purchased a new position in Criteo SA during the second quarter valued at approximately $2,707,000. Finally, GLG LLC boosted its position in Criteo SA by 140.4% in the second quarter. GLG LLC now owns 50,566 shares of the company’s stock valued at $2,322,000 after buying an additional 29,532 shares during the period.
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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