Morgan Stanley Reiterates “Hold” Rating for Criteo SA (CRTO)
Criteo SA (NASDAQ:CRTO)‘s stock had its “hold” rating reissued by analysts at Morgan Stanley in a research note issued to investors on Friday.
The analysts wrote, “We remain concerned that wireline carriers are facing increasingly tough competition from cable and will need to ramp investment to improve broadband speeds or face accelerating subscriber losses as seen last quarter. C T L . N We derive our $27 price target by applying a ~8% div. yld (+325 bps v AT&T) 5.7x 2017 MSe EV/EBITDA. We believe CenturyLink should trade at a valuation discount to the Bells given more challenging revenue and margin trends.””
Other research analysts also recently issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Criteo SA in a research report on Monday, June 27th. Citigroup Inc. decreased their target price on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. William Blair reaffirmed an “outperform” rating on shares of Criteo SA in a research report on Thursday, August 4th. Pacific Crest reaffirmed a “buy” rating and issued a $53.00 target price on shares of Criteo SA in a research report on Monday, July 11th. Finally, Zacks Investment Research raised shares of Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.97.
Criteo SA (NASDAQ:CRTO) opened at 36.11 on Friday. Criteo SA has a 12 month low of $24.23 and a 12 month high of $47.81. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 32.56 and a beta of 2.89. The stock’s 50 day moving average is $38.04 and its 200-day moving average is $41.31.
Criteo SA (NASDAQ:CRTO) last released its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business earned $166 million during the quarter, compared to the consensus estimate of $161.27 million. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, analysts anticipate that Criteo SA will post $1.79 earnings per share for the current fiscal year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of Criteo SA stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $42.02, for a total value of $36,809.52. Following the completion of the sale, the chief financial officer now owns 107,027 shares in the company, valued at approximately $4,497,274.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Eichmann sold 10,000 shares of Criteo SA stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $40.24, for a total transaction of $402,400.00. Following the completion of the sale, the chief executive officer now owns 20,920 shares of the company’s stock, valued at approximately $841,820.80. The disclosure for this sale can be found here.
A number of hedge funds have recently modified their holdings of the company. Westpac Banking Corp acquired a new stake in shares of Criteo SA during the second quarter valued at $46,976,000. 1832 Asset Management L.P. acquired a new stake in shares of Criteo SA during the first quarter valued at $57,764,000. Oak Ridge Investments LLC acquired a new stake in shares of Criteo SA during the second quarter valued at $36,056,000. Alken Asset Management Ltd. acquired a new stake in shares of Criteo SA during the second quarter valued at $33,027,000. Finally, Jennison Associates LLC acquired a new stake in shares of Criteo SA during the second quarter valued at $30,538,000.
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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