Somewhat Positive Media Coverage Somewhat Unlikely to Affect Criteo (CRTO) Stock Price
Headlines about Criteo (NASDAQ:CRTO) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Criteo earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the information services provider an impact score of 45.9121020893065 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Price to Earnings Ratio in Focus – Criteo SA (NASDAQ: CRTO) – Stocks Market Cap (stocksmarketcap.com)
- The Clorox Company (CLX) Forms $128.49 Double Bottom; 12 Analysts Covering Criteo SA (CRTO) – Teletechwire (press release) (teletechwire.com)
- P/E Ratio Analysis – Criteo SA (NASDAQ: CRTO) – Stocks Market Cap (stocksmarketcap.com)
- Criteo SA (CRTO) folded -21.68% lower comparative to SMA-200 – The Stocks News (press release) (thestocksnews.com)
- Analysts Anticipate Criteo SA (CRTO) Will Post Quarterly Sales of $232.69 Million (americanbankingnews.com)
A number of research firms have issued reports on CRTO. Citigroup reissued a “hold” rating and issued a $35.00 target price on shares of Criteo in a research note on Friday, March 9th. Zacks Investment Research raised Criteo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $35.00 price objective (up from $31.00) on shares of Criteo in a research report on Wednesday, February 21st. Cowen reaffirmed a “hold” rating and set a $29.00 price objective on shares of Criteo in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. upped their price objective on Criteo from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.35.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 14th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.47. Criteo had a return on equity of 15.34% and a net margin of 3.97%. The business had revenue of $277.00 million for the quarter, compared to analyst estimates of $262.02 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. Criteo’s revenue was up 23.1% on a year-over-year basis. equities analysts expect that Criteo will post 1.53 earnings per share for the current fiscal year.
In related news, insider Jean-Baptiste Rudelle sold 1,261 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total transaction of $31,247.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric Eichmann sold 7,153 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $24.87, for a total value of $177,895.11. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
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Criteo Company Profile
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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