Equities research analysts at Berenberg Bank assumed coverage on shares of Criteo SA (NASDAQ:CRTO) in a research note issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other analysts also recently issued research reports about the stock. RBC Capital Markets set a $55.00 target price on shares of Criteo SA and gave the company a “buy” rating in a research report on Saturday, September 17th. Jefferies Group reissued a “buy” rating and set a $65.00 target price on shares of Criteo SA in a research report on Monday, June 27th. Zacks Investment Research downgraded shares of Criteo SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Citigroup Inc. decreased their target price on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Finally, William Blair reissued an “outperform” rating on shares of Criteo SA in a research report on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Criteo SA currently has a consensus rating of “Buy” and a consensus target price of $48.50.
Shares of Criteo SA (NASDAQ:CRTO) opened at 33.58 on Tuesday. The stock has a 50 day moving average of $35.77 and a 200-day moving average of $40.76. Criteo SA has a 12 month low of $24.23 and a 12 month high of $47.81. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 30.28 and a beta of 2.82.
Criteo SA (NASDAQ:CRTO) last released its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business earned $166 million during the quarter, compared to the consensus estimate of $161.27 million. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, analysts forecast that Criteo SA will post $1.78 EPS for the current year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $44.05, for a total transaction of $38,587.80. Following the transaction, the chief financial officer now directly owns 103,723 shares in the company, valued at approximately $4,568,998.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric Eichmann sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $40.24, for a total value of $402,400.00. Following the transaction, the chief executive officer now owns 20,920 shares in the company, valued at $841,820.80. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of CRTO. BNP Paribas Arbitrage SA boosted its position in shares of Criteo SA by 121.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,221 shares of the company’s stock valued at $254,000 after buying an additional 3,954 shares during the period. Macquarie Group Ltd. bought a new position in shares of Criteo SA during the second quarter valued at $900,000. Royal Bank of Canada boosted its position in shares of Criteo SA by 142.4% in the second quarter. Royal Bank of Canada now owns 8,454 shares of the company’s stock valued at $388,000 after buying an additional 4,966 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Criteo SA during the second quarter valued at $12,170,000. Finally, Lebenthal Holdings LLC bought a new position in shares of Criteo SA during the second quarter valued at $2,707,000. Institutional investors and hedge funds own 68.71% of the company’s stock.
Criteo SA Company Profile
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s 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.