Criteo S.A. (CRTO) Now Covered by Analysts at Macquarie

Equities research analysts at Macquarie began coverage on shares of Criteo S.A. (NASDAQ:CRTO) in a report issued on Thursday. The firm set a “neutral” rating and a $51.00 price target on the information services provider’s stock. Macquarie’s price target suggests a potential upside of 14.22% from the stock’s current price.

A number of other research analysts have also commented on the stock. BMO Capital Markets restated a “buy” rating and issued a $70.00 price objective on shares of Criteo in a research note on Wednesday, September 13th. KeyCorp restated a “buy” rating and issued a $62.00 price objective on shares of Criteo in a research note on Friday, September 15th. Cowen and Company restated an “outperform” rating and issued a $60.00 price objective on shares of Criteo in a research note on Thursday, June 22nd. BidaskClub upgraded shares of Criteo from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Berenberg Bank restated a “buy” rating and issued a $63.00 price objective on shares of Criteo in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.70.

Criteo (CRTO) traded up 0.29% during trading on Thursday, hitting $44.78. The company had a trading volume of 165,314 shares. The firm’s 50 day moving average is $44.20 and its 200-day moving average is $48.96. Criteo has a 52-week low of $33.02 and a 52-week high of $56.00. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 42.21 and a beta of 2.66.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $220.00 million for the quarter, compared to analyst estimates of $212.55 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. Criteo’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. On average, equities analysts forecast that Criteo will post $2.43 earnings per share for the current year.

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In related news, Director James Warner sold 1,250 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $50.46, for a total transaction of $63,075.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dan Teodosiu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $50.10, for a total transaction of $75,150.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 357,750 shares of company stock worth $17,631,047. Insiders own 5.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Criteo by 2.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,168 shares of the information services provider’s stock worth $358,000 after buying an additional 146 shares in the last quarter. Level Four Advisory Services LLC boosted its holdings in Criteo by 3.5% during the first quarter. Level Four Advisory Services LLC now owns 10,535 shares of the information services provider’s stock worth $534,000 after buying an additional 361 shares in the last quarter. Majedie Asset Management Ltd boosted its holdings in Criteo by 0.4% during the second quarter. Majedie Asset Management Ltd now owns 121,652 shares of the information services provider’s stock worth $5,967,000 after buying an additional 489 shares in the last quarter. Tdam USA Inc. boosted its holdings in Criteo by 3.0% during the second quarter. Tdam USA Inc. now owns 18,981 shares of the information services provider’s stock worth $931,000 after buying an additional 545 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Criteo by 3.9% during the first quarter. Stifel Financial Corp now owns 16,883 shares of the information services provider’s stock worth $843,000 after buying an additional 629 shares in the last quarter. 85.05% of the stock is currently owned by hedge funds and other institutional investors.

About Criteo

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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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