Criteo S.A. (CRTO) Research Coverage Started at JMP Securities
JMP Securities assumed coverage on shares of Criteo S.A. (NASDAQ:CRTO) in a research note published on Monday, Marketbeat reports. The firm issued an outperform rating and a $60.00 price target on the information services provider’s stock.
Other equities research analysts have also issued research reports about the company. BMO Capital Markets reiterated a buy rating and issued a $70.00 target price on shares of Criteo in a research note on Wednesday, September 13th. Royal Bank Of Canada restated a buy rating and set a $60.00 price objective on shares of Criteo in a research note on Monday, July 31st. Cowen and Company restated an outperform rating and set a $60.00 price objective on shares of Criteo in a research note on Thursday, June 22nd. KeyCorp initiated coverage on Criteo in a research note on Monday, July 31st. They set an overweight rating and a $62.00 price objective for the company. Finally, BidaskClub lowered Criteo from a hold rating to a sell rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $56.06.
Criteo (NASDAQ:CRTO) opened at 43.51 on Monday. Criteo has a one year low of $32.83 and a one year high of $56.00.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $220.00 million for the quarter, compared to the consensus estimate of $212.55 million. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. On average, equities research analysts anticipate that Criteo will post $2.43 earnings per share for the current fiscal year.
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In other Criteo news, CFO Benoit Fouilland sold 6,250 shares of Criteo stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $51.04, for a total transaction of $319,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Eric Eichmann sold 20,000 shares of Criteo stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $49.04, for a total value of $980,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 368,980 shares of company stock worth $18,204,027 in the last ninety days. 5.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Criteo by 53.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock worth $737,000 after buying an additional 5,233 shares in the last quarter. Todd Asset Management LLC raised its stake in shares of Criteo by 29.7% in the 2nd quarter. Todd Asset Management LLC now owns 163,861 shares of the information services provider’s stock worth $8,038,000 after buying an additional 37,550 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Criteo by 24.2% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 308,873 shares of the information services provider’s stock worth $15,150,000 after buying an additional 60,260 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Criteo by 17.9% in the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock worth $1,612,000 after buying an additional 4,888 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. bought a new stake in shares of Criteo in the 2nd quarter worth $17,235,000. 85.05% of the stock is currently owned by institutional investors.
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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