Criteo SA (CRTO) Trading Down 2%
Criteo SA (NASDAQ:CRTO)’s share price dropped 2% during trading on Monday . The company traded as low as $35.91 and last traded at $35.95, with a volume of 240,598 shares traded. The stock had previously closed at $36.68.
CRTO has been the subject of a number of research analyst reports. Citigroup Inc. reduced their price target on Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Jefferies Group reiterated a “buy” rating on shares of Criteo SA in a report on Monday, July 11th. Pacific Crest reiterated a “buy” rating and set a $53.00 price target on shares of Criteo SA in a report on Monday, July 11th. Morgan Stanley restated a “hold” rating on shares of Criteo SA in a report on Friday. Finally, RBC Capital Markets set a $55.00 price objective on Criteo SA and gave the stock a “buy” rating in a report on Saturday. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.97.
The company’s 50-day moving average is $38.80 and its 200 day moving average is $41.37. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 32.56 and a beta of 2.89.
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $166 million for the quarter, compared to analysts’ expectations of $161.27 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. Analysts anticipate that Criteo SA will post $1.79 EPS for the current year.
In other news, insider Romain Niccoli sold 15,375 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $40.71, for a total transaction of $625,916.25. Following the completion of the transaction, the insider now directly owns 824,826 shares of the company’s stock, valued at $33,578,666.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Benoit Fouilland sold 876 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $42.02, for a total transaction of $36,809.52. Following the transaction, the chief financial officer now directly owns 107,027 shares of the company’s stock, valued at $4,497,274.54. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westend Capital Management LLC acquired a new stake in shares of Criteo SA during the first quarter worth approximately $111,000. A.R.T. Advisors LLC acquired a new stake in shares of Criteo SA during the first quarter worth approximately $1,230,000. Jennison Associates LLC acquired a new stake in shares of Criteo SA during the second quarter worth approximately $30,538,000. Envestnet Asset Management Inc. boosted its stake 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 stake 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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