Criteo’s (CRTO) Buy Rating Reaffirmed at KeyCorp
Criteo S.A. (NASDAQ:CRTO)‘s stock had its “buy” rating reiterated by investment analysts at KeyCorp in a report released on Friday. They currently have a $62.00 price objective on the information services provider’s stock. KeyCorp’s price target suggests a potential upside of 44.56% from the stock’s current price.
CRTO has been the subject of several other research reports. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price target on shares of Criteo in a report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price target on shares of Criteo in a report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $60.00 price target on shares of Criteo in a report on Thursday, June 22nd. BidaskClub cut shares of Criteo from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG upped their price target on shares of Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.98.
Shares of Criteo (CRTO) traded up 3.13% during midday trading on Friday, hitting $42.89. 5,345,762 shares of the company’s stock were exchanged. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 40.42 and a beta of 2.72. Criteo has a 52 week low of $32.83 and a 52 week high of $56.00. The company has a 50-day moving average of $48.14 and a 200-day moving average of $49.90.
Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The company had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $212.55 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Equities research analysts expect that Criteo will post $2.43 EPS for the current fiscal year.
In related news, insider Jean-Baptiste Rudelle sold 129,075 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $47.40, for a total transaction of $6,118,155.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric Eichmann sold 20,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $49.04, for a total transaction of $980,800.00. The disclosure for this sale can be found here. Insiders have sold 523,980 shares of company stock valued at $25,569,623 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Criteo by 1.2% during the second quarter. FMR LLC now owns 6,475,439 shares of the information services provider’s stock worth $317,620,000 after purchasing an additional 76,439 shares during the last quarter. Epoch Investment Partners Inc. raised its position in Criteo by 81.3% during the second quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock worth $95,027,000 after acquiring an additional 868,634 shares in the last quarter. Comgest Global Investors S.A.S. raised its position in Criteo by 1.8% during the second quarter. Comgest Global Investors S.A.S. now owns 1,930,692 shares of the information services provider’s stock worth $94,700,000 after acquiring an additional 34,500 shares in the last quarter. Carmignac Gestion raised its position in Criteo by 1.1% during the second quarter. Carmignac Gestion now owns 1,788,456 shares of the information services provider’s stock worth $87,724,000 after acquiring an additional 19,316 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Criteo by 111.4% during the first quarter. Bank of New York Mellon Corp now owns 1,638,336 shares of the information services provider’s stock worth $81,899,000 after acquiring an additional 863,485 shares in the last quarter. Institutional investors and hedge funds own 84.40% of the company’s stock.
Criteo Company Profile
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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