Criteo S.A. (NASDAQ:CRTO – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 1,780,000 shares, a drop of 6.8% from the September 30th total of 1,910,000 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 400,200 shares, the short-interest ratio is presently 4.4 days.
Criteo Stock Down 21.3 %
Shares of CRTO opened at $33.59 on Thursday. The firm has a market cap of $1.90 billion, a PE ratio of 34.63 and a beta of 0.99. The company’s fifty day moving average is $42.91 and its two-hundred day moving average is $40.76. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $49.93.
Criteo (NASDAQ:CRTO – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The company had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. Criteo’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. As a group, equities research analysts anticipate that Criteo will post 2.8 earnings per share for the current year.
Insider Buying and Selling at Criteo
Hedge Funds Weigh In On Criteo
A number of hedge funds have recently made changes to their positions in CRTO. Congress Asset Management Co. acquired a new position in shares of Criteo in the 3rd quarter valued at $48,653,000. Clearbridge Investments LLC acquired a new position in shares of Criteo during the 2nd quarter valued at $11,059,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Criteo by 518.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock valued at $3,259,000 after acquiring an additional 67,913 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Criteo by 93.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock valued at $4,057,000 after acquiring an additional 51,870 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in shares of Criteo by 523.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock valued at $2,233,000 after acquiring an additional 49,699 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on CRTO shares. KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. BMO Capital Markets raised their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley raised their price objective on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $56.00 target price on shares of Criteo in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.
Check Out Our Latest Stock Analysis on CRTO
Criteo Company Profile
Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.
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