Criteo SA (NASDAQ:CRTO) – William Blair cut their Q1 2018 earnings estimates for Criteo in a research report issued on Thursday, according to Zacks Investment Research. William Blair analyst R. Schackart now forecasts that the information services provider will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.25. William Blair also issued estimates for Criteo’s Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $1.35 EPS.
Several other research firms have also weighed in on CRTO. BMO Capital Markets reaffirmed a “buy” rating and issued a $70.00 target price on shares of Criteo in a report on Wednesday, September 13th. Jefferies Group downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Macquarie started coverage on shares of Criteo in a research report on Thursday, October 12th. They set a “neutral” rating and a $51.00 price target on the stock. Finally, JMP Securities started coverage on shares of Criteo in a research report on Monday, October 2nd. They set an “outperform” rating and a $60.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.44.
Criteo (NASDAQ CRTO) traded up $0.50 on Monday, hitting $25.51. 913,295 shares of the stock traded hands, compared to its average volume of 1,650,000. Criteo has a fifty-two week low of $22.00 and a fifty-two week high of $56.00. The company has a market cap of $1,680.00, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.28 and a beta of 2.49.
In related news, CEO Eric Eichmann sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $35.41, for a total value of $708,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Benoit Fouilland sold 6,250 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $46.02, for a total transaction of $287,625.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,575 shares of company stock worth $2,070,376. Corporate insiders own 5.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. Geode Capital Management LLC increased its stake in Criteo by 17.9% during the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock worth $1,612,000 after purchasing an additional 4,888 shares in the last quarter. US Bancorp DE increased its stake in Criteo by 35.4% during the 2nd quarter. US Bancorp DE now owns 6,585 shares of the information services provider’s stock worth $323,000 after purchasing an additional 1,722 shares in the last quarter. Sei Investments Co. increased its stake in Criteo by 292.7% during the 2nd quarter. Sei Investments Co. now owns 85,462 shares of the information services provider’s stock worth $4,192,000 after purchasing an additional 63,702 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Criteo during the 2nd quarter worth approximately $7,112,000. Finally, Legal & General Group Plc increased its stake in Criteo by 53.3% during the 2nd quarter. Legal & General Group Plc now owns 229,206 shares of the information services provider’s stock worth $11,056,000 after purchasing an additional 79,715 shares in the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.
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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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