Criteo SA (CRTO) Earns Buy Rating from RBC Capital Markets
Criteo SA (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by stock analysts at RBC Capital Markets in a note issued to investors on Tuesday. They presently have a $55.00 price objective on the stock. RBC Capital Markets’ price objective would suggest a potential upside of 62.00% from the stock’s current price.
CRTO has been the subject of a number of other reports. Morgan Stanley reiterated a “hold” rating on shares of Criteo SA in a research note on Friday, September 16th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $51.00 price target on shares of Criteo SA in a research note on Tuesday, September 27th. Jefferies Group restated a “buy” rating and issued a $63.00 price objective on shares of Criteo SA in a report on Tuesday, September 6th. Cowen and Company restated an “outperform” rating on shares of Criteo SA in a report on Tuesday, October 4th. Finally, Susquehanna downgraded Criteo SA from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $37.00 in a report on Tuesday, September 6th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $48.50.
Shares of Criteo SA (NASDAQ:CRTO) opened at 33.95 on Tuesday. Criteo SA has a one year low of $24.23 and a one year high of $47.81. The stock has a 50 day moving average price of $36.25 and a 200-day moving average price of $41.03. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 30.61 and a beta of 2.82.
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Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. Criteo SA had a return on equity of 15.20% and a net margin of 4.72%. The company earned $166 million during the quarter, compared to analysts’ expectations of $161.27 million. During the same period in the prior year, the company earned $0.15 EPS. Criteo SA’s revenue was up 35.4% compared to the same quarter last year. On average, equities research analysts expect that Criteo SA will post $1.78 EPS for the current year.
In related news, insider Jean-Baptiste Rudelle sold 76,100 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $43.79, for a total value of $3,332,419.00. Following the transaction, the insider now owns 2,969,301 shares of the company’s stock, valued at approximately $130,025,690.79. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Warner sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $42.50, for a total transaction of $42,500.00. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CRTO. Allianz Asset Management AG boosted its position in shares of Criteo SA by 53.1% in the second quarter. Allianz Asset Management AG now owns 1,837,911 shares of the company’s stock valued at $84,397,000 after buying an additional 637,376 shares during the last quarter. Henderson Group PLC boosted its position in shares of Criteo SA by 14.2% in the second quarter. Henderson Group PLC now owns 1,130,846 shares of the company’s stock valued at $51,957,000 after buying an additional 140,288 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Criteo SA by 12.9% in the second quarter. American Century Companies Inc. now owns 1,089,924 shares of the company’s stock valued at $50,049,000 after buying an additional 124,330 shares during the last quarter. Westpac Banking Corp acquired a new position in shares of Criteo SA during the second quarter valued at $46,976,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Criteo SA by 20.0% in the second quarter. Ameriprise Financial Inc. now owns 890,735 shares of the company’s stock valued at $40,902,000 after buying an additional 148,648 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Criteo SA Company Profile
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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