Criteo S.A. (NASDAQ:CRTO) Earns Buy Rating from Cowen and Company
Cowen and Company reiterated their buy rating on shares of Criteo S.A. (NASDAQ:CRTO) in a research report report published on Friday. The brokerage currently has a $60.00 price target on the information services provider’s stock.
A number of other analysts have also recently weighed in on CRTO. Jefferies Group LLC restated a buy rating and issued a $66.00 price target on shares of Criteo in a research note on Tuesday, April 18th. BidaskClub upgraded Criteo from a sell rating to a hold rating in a research report on Wednesday, June 21st. Raymond James Financial, Inc. reiterated a market perform rating on shares of Criteo in a research report on Monday, April 24th. Finally, Royal Bank Of Canada lifted their target price on Criteo from $56.00 to $60.00 and gave the stock an outperform rating in a research report on Thursday, May 4th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $52.71.
Criteo (NASDAQ CRTO) opened at 50.60 on Friday. Criteo has a 12 month low of $32.83 and a 12 month high of $56.00.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, May 3rd. The information services provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Criteo had a return on equity of 14.88% and a net margin of 4.05%. The company had revenue of $210 million for the quarter, compared to analysts’ expectations of $204.51 million. During the same period last year, the firm earned $0.43 earnings per share. Criteo’s quarterly revenue was up 29.6% on a year-over-year basis. Equities analysts expect that Criteo will post $2.47 earnings per share for the current fiscal year.
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In other news, Director James Warner sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $46.98, for a total transaction of $58,725.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dan Teodosiu sold 7,250 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $52.07, for a total value of $377,507.50. The disclosure for this sale can be found here. Insiders sold a total of 723,579 shares of company stock worth $37,157,886 in the last ninety days. 5.60% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in shares of Criteo during the first quarter valued at approximately $176,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Criteo during the first quarter valued at approximately $200,000. Janney Capital Management LLC purchased a new stake in shares of Criteo during the first quarter valued at approximately $216,000. Pictet & Cie Europe SA purchased a new stake in shares of Criteo during the first quarter valued at approximately $221,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Criteo during the first quarter valued at approximately $230,000. 84.39% of the stock is currently owned by institutional investors and hedge funds.
Criteo SA is a France-based company specializing in digital performance marketing. Its 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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