Criteo SA (CRTO) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Criteo SA (NASDAQ:CRTO) have earned an average rating of “Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $52.28.
A number of brokerages recently commented on CRTO. Cowen and Company reissued an “outperform” rating and issued a $60.00 price target on shares of Criteo SA in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) downgraded Criteo SA from a “buy” rating to a “neutral” rating and increased their price target for the company from $49.00 to $51.00 in a report on Wednesday, March 29th. Jefferies Group LLC reissued a “buy” rating on shares of Criteo SA in a report on Thursday, March 16th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Criteo SA in a report on Monday, April 24th. Finally, BidaskClub downgraded Criteo SA from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th.
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Criteo SA (NASDAQ:CRTO) opened at 48.83 on Monday. Criteo SA has a 52 week low of $32.83 and a 52 week high of $56.00.
Criteo SA (NASDAQ:CRTO) last posted its earnings results on Wednesday, May 3rd. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Criteo SA had a return on equity of 7.93% and a net margin of 2.81%. The business had revenue of $210 million during the quarter, compared to analyst estimates of $204.51 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. On average, equities analysts forecast that Criteo SA will post $2.47 earnings per share for the current fiscal year.
In other Criteo SA news, insider Jean-Baptiste Rudelle sold 25,956 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $55.44, for a total transaction of $1,439,000.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Benoit Fouilland sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $54.03, for a total value of $2,701,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 971,871 shares of company stock worth $50,126,533. 5.60% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in CRTO. Macquarie Group Ltd. bought a new stake in shares of Criteo SA during the fourth quarter valued at about $1,660,000. Fox Run Management L.L.C. bought a new stake in shares of Criteo SA during the first quarter valued at about $625,000. Nationwide Fund Advisors bought a new stake in shares of Criteo SA during the first quarter valued at about $1,785,000. Profund Advisors LLC increased its stake in shares of Criteo SA by 51.0% in the first quarter. Profund Advisors LLC now owns 20,498 shares of the information services provider’s stock valued at $1,025,000 after buying an additional 6,919 shares during the period. Finally, Janney Capital Management LLC bought a new stake in shares of Criteo SA during the first quarter valued at about $216,000. 83.88% of the stock is currently owned by institutional investors and hedge funds.
About Criteo SA
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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