BMO Capital Markets started coverage on shares of Criteo S.A. (NASDAQ:CRTO) in a report issued on Tuesday. The firm issued an outperform rating and a $70.00 price target on the information services provider’s stock.
A number of other brokerages have also commented on CRTO. KeyCorp initiated coverage on shares of Criteo in a research report on Monday. They issued an overweight rating and a $62.00 price objective on the stock. Jefferies Group LLC restated a buy rating and set a $66.00 target price on shares of Criteo in a report on Monday, May 15th. Cowen and Company restated an outperform rating and set a $60.00 target price on shares of Criteo in a report on Thursday, June 22nd. Raymond James Financial, Inc. restated a market perform rating on shares of Criteo in a report on Monday, April 24th. Finally, Royal Bank Of Canada boosted their target price on shares of Criteo from $56.00 to $60.00 and gave the stock an outperform rating in a report on Thursday, May 4th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $54.15.
Shares of Criteo (NASDAQ:CRTO) traded down 2.61% on Tuesday, hitting $51.04. 1,459,385 shares of the stock traded hands. Criteo has a 52 week low of $32.83 and a 52 week high of $56.00.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.23. The business had revenue of $220 million for the quarter, compared to analyst estimates of $212.55 million. Criteo had a net margin of 4.05% and a return on equity of 14.88%. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Equities research analysts forecast that Criteo will post $2.47 earnings per share for the current year.
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In other Criteo news, insider Jean-Baptiste Rudelle sold 57,845 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $55.11, for a total value of $3,187,837.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dan Teodosiu sold 7,250 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $52.07, for a total transaction of $377,507.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 703,548 shares of company stock worth $36,055,379. Corporate insiders own 5.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CRTO. Fifth Third Bancorp bought a new position in Criteo during the first quarter valued at approximately $176,000. Hussman Strategic Advisors Inc. bought a new position in Criteo during the first quarter valued at approximately $200,000. Janney Capital Management LLC bought a new position in Criteo during the first quarter valued at approximately $216,000. Pictet & Cie Europe SA bought a new position in Criteo during the first quarter valued at approximately $221,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Criteo during the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 84.39% of the company’s stock.
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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