Criteo SA (NASDAQ:CRTO) – Research analysts at KeyCorp dropped their FY2018 earnings per share (EPS) estimates for shares of Criteo in a research note issued to investors on Wednesday, October 3rd. KeyCorp analyst A. Hargreaves now expects that the information services provider will post earnings of $1.52 per share for the year, down from their prior forecast of $1.53. KeyCorp has a “Overweight” rating and a $42.00 price target on the stock. KeyCorp also issued estimates for Criteo’s Q1 2019 earnings at $0.32 EPS.
Several other research analysts have also recently weighed in on CRTO. BidaskClub raised shares of Criteo from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. Vertical Group cut shares of Criteo from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. Raymond James raised shares of Criteo from a “market perform” rating to an “outperform” rating in a report on Monday, June 25th. They noted that the move was a valuation call. Citigroup upped their price target on shares of Criteo from $31.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 9th. Finally, Pivotal Research initiated coverage on shares of Criteo in a report on Monday, July 9th. They issued a “buy” rating and a $48.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.24.
Criteo stock opened at $22.98 on Monday. The firm has a market capitalization of $1.52 billion, a PE ratio of 14.10 and a beta of 1.65. Criteo has a fifty-two week low of $21.00 and a fifty-two week high of $47.57.
Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.14. The firm had revenue of $230.00 million for the quarter, compared to analysts’ expectations of $229.33 million. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share.
In related news, COO Mary Spilman sold 3,815 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $33.74, for a total value of $128,718.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.32% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CRTO. JPMorgan Chase & Co. increased its position in shares of Criteo by 969,312.5% during the first quarter. JPMorgan Chase & Co. now owns 77,553 shares of the information services provider’s stock valued at $2,004,000 after acquiring an additional 77,545 shares in the last quarter. FIL Ltd increased its position in shares of Criteo by 17.4% during the first quarter. FIL Ltd now owns 551,457 shares of the information services provider’s stock valued at $14,250,000 after acquiring an additional 81,621 shares in the last quarter. RMB Capital Management LLC bought a new stake in shares of Criteo during the first quarter valued at approximately $1,931,000. Bayesian Capital Management LP bought a new stake in Criteo in the 1st quarter worth approximately $670,000. Finally, A.R.T. Advisors LLC grew its position in Criteo by 703.7% in the 1st quarter. A.R.T. Advisors LLC now owns 86,800 shares of the information services provider’s stock worth $2,242,000 after purchasing an additional 76,000 shares during the period. 86.38% of the stock is owned by institutional investors.
Criteo Company Profile
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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