Criteo (NASDAQ:CRTO) released its earnings results on Wednesday. The information services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06, Briefing.com reports. The company had revenue of $223.00 million during the quarter, compared to analyst estimates of $222.00 million. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Criteo updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
CRTO traded down $0.32 during trading on Thursday, reaching $22.20. 988,977 shares of the company traded hands, compared to its average volume of 892,448. Criteo has a 12-month low of $19.85 and a 12-month high of $38.56. The firm has a market cap of $1.37 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.81 and a beta of 1.65.
In other Criteo news, COO Mary Spilman sold 7,165 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $26.71, for a total transaction of $191,377.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.32% of the company’s stock.
Several research firms recently issued reports on CRTO. KeyCorp reduced their target price on shares of Criteo from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday. BMO Capital Markets reduced their target price on shares of Criteo from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday. Citigroup reduced their target price on shares of Criteo from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday. Nomura reduced their target price on shares of Criteo from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday. Finally, BidaskClub lowered shares of Criteo from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Criteo presently has an average rating of “Hold” and an average price target of $33.88.
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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