Criteo S.A. (NASDAQ:CRTO – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 923,100 shares, an increase of 80.7% from the May 31st total of 510,900 shares. Based on an average daily trading volume, of 346,300 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.8% of the company’s stock are sold short.
Criteo Stock Up 2.3 %
Shares of CRTO traded up $0.84 during midday trading on Friday, hitting $37.72. The company’s stock had a trading volume of 467,818 shares, compared to its average volume of 445,419. Criteo has a one year low of $22.10 and a one year high of $39.97. The company’s fifty day simple moving average is $37.17 and its two-hundred day simple moving average is $32.50. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 38.89 and a beta of 0.95.
Criteo (NASDAQ:CRTO – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. Criteo had a return on equity of 12.33% and a net margin of 2.96%. The company had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. On average, research analysts predict that Criteo will post 2.26 earnings per share for the current year.
Insider Buying and Selling
Institutional Investors Weigh In On Criteo
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in Criteo by 5.2% during the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock worth $484,000 after buying an additional 682 shares during the period. Covestor Ltd lifted its stake in shares of Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares during the period. Sei Investments Co. increased its holdings in Criteo by 0.8% during the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock worth $3,549,000 after purchasing an additional 768 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Criteo by 7.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock worth $287,000 after purchasing an additional 822 shares in the last quarter. Finally, Citigroup Inc. bought a new stake in Criteo during the 3rd quarter worth approximately $33,000. Institutional investors own 94.27% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Criteo in a research report on Tuesday, April 30th. KeyCorp raised their price objective on Criteo from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. DA Davidson raised their price objective on Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price target on Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets raised Criteo from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $31.00 to $45.00 in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.
Check Out Our Latest Research Report 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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