Criteo (NASDAQ:CRTO) posted its earnings results on Wednesday. The information services provider reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.47, Briefing.com reports. The firm had revenue of $277.00 million for the quarter, compared to the consensus estimate of $262.02 million. Criteo had a net margin of 3.54% and a return on equity of 14.20%. The company’s revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS.
Shares of Criteo (NASDAQ CRTO) traded up $6.86 during trading on Thursday, reaching $30.25. 6,011,500 shares of the company’s stock traded hands, compared to its average volume of 968,326. Criteo has a 52 week low of $21.00 and a 52 week high of $56.00. The stock has a market cap of $1,543.58, a P/E ratio of 26.08, a P/E/G ratio of 1.14 and a beta of 2.25.
In other Criteo news, CEO Eric Eichmann sold 7,153 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $24.87, for a total transaction of $177,895.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total transaction of $31,247.58. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
CRTO has been the topic of a number of recent analyst reports. Macquarie raised shares of Criteo from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 2nd. Cowen reaffirmed a “market perform” rating and issued a $25.00 target price (down from $40.00) on shares of Criteo in a research report on Tuesday, December 19th. Berenberg Bank reaffirmed a “buy” rating and issued a $63.00 target price on shares of Criteo in a research report on Friday, November 10th. BidaskClub downgraded shares of Criteo from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Finally, BMO Capital Markets downgraded shares of Criteo from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $30.00 to $26.00 in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.35.
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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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