Stock Traders Purchase High Volume of Criteo Put Options (CRTO)
Criteo S.A. (NASDAQ:CRTO) saw some unusual options trading activity on Monday. Traders acquired 6,766 put options on the stock. This represents an increase of 559% compared to the average volume of 1,027 put options.
A number of research firms have recently issued reports on CRTO. Cowen and Company reissued an “outperform” rating and issued a $60.00 price target on shares of Criteo in a research note on Thursday. BidaskClub raised shares of Criteo from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and issued a $48.80 price target (down from $66.00) on shares of Criteo in a research note on Tuesday, June 6th. Royal Bank Of Canada boosted their price target on shares of Criteo from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Criteo in a research note on Monday, April 24th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $51.89.
Shares of Criteo (NASDAQ CRTO) traded down 3.11% during midday trading on Monday, reaching $48.61. 1,097,047 shares of the company traded hands. Criteo has a 12 month low of $32.83 and a 12 month high of $56.00. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 41.65 and a beta of 2.71. The company’s 50 day moving average is $50.90 and its 200-day moving average is $47.73.
Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, May 3rd. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $210 million during the quarter, compared to analysts’ expectations of $204.51 million. Criteo had a return on equity of 14.88% and a net margin of 4.05%. The company’s revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts forecast that Criteo will post $2.46 earnings per share for the current fiscal year.
In other news, CEO Eric Eichmann sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $52.00, for a total value of $1,040,000.00. Following the sale, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $1,040,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 25,956 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $55.44, for a total transaction of $1,439,000.64. The disclosure for this sale can be found here. Insiders sold a total of 965,621 shares of company stock worth $49,819,220 over the last quarter. 8.70% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in Criteo during the first quarter valued at $176,000. Hussman Strategic Advisors Inc. acquired a new stake in Criteo during the first quarter valued at $200,000. Janney Capital Management LLC acquired a new stake in Criteo during the first quarter valued at $216,000. Pictet & Cie Europe SA acquired a new stake in Criteo during the first quarter valued at $221,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Criteo during the first quarter valued at $230,000. 83.88% of the stock is owned by institutional investors.
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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