Criteo SA (NASDAQ:CRTO)’s share price gapped up prior to trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $32.00 to $38.00. The stock had previously closed at $30.02, but opened at $30.51. JPMorgan Chase & Co. currently has an overweight rating on the stock. Criteo shares last traded at $30.51, with a volume of 2130600 shares traded.
A number of other equities analysts have also recently issued reports on CRTO. BMO Capital Markets reissued a “buy” rating and issued a $70.00 target price on shares of Criteo in a report on Wednesday, October 18th. Zacks Investment Research cut Criteo from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Deutsche Bank dropped their price target on Criteo to $58.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Jefferies Group cut Criteo from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Cowen cut Criteo from an “outperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. Criteo presently has a consensus rating of “Hold” and an average price target of $43.59.
In other news, CEO Eric Eichmann sold 7,153 shares of Criteo stock in a transaction on Monday, January 29th. The stock was sold at an average price of $24.87, for a total value of $177,895.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of Criteo stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $24.78, for a total value of $31,247.58. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.
The company has a market cap of $2,013.45, a P/E ratio of 23.13, a P/E/G ratio of 1.49 and a beta of 2.25.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 14th. The information services provider reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.47. The company had revenue of $277.00 million during the quarter, compared to analysts’ expectations of $262.02 million. Criteo had a return on equity of 16.14% and a net margin of 3.97%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. equities analysts anticipate that Criteo SA will post 1.03 EPS for the current fiscal year.
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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