Criteo (NASDAQ:CRTO – Get Rating) issued its quarterly earnings data on Wednesday. The information services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09, MarketWatch Earnings reports. The firm had revenue of $217.00 million during the quarter, compared to the consensus estimate of $217.80 million. Criteo had a net margin of 5.97% and a return on equity of 14.46%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share.
Shares of NASDAQ CRTO traded down $0.56 during midday trading on Friday, reaching $25.93. 249,865 shares of the company were exchanged, compared to its average volume of 370,734. The stock’s 50-day moving average price is $26.90 and its 200-day moving average price is $33.31. The stock has a market cap of $1.57 billion, a P/E ratio of 12.53 and a beta of 0.95. Criteo has a one year low of $23.72 and a one year high of $46.65.
In other Criteo news, CEO Megan Clarken sold 2,339 shares of the business’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of $26.37, for a total transaction of $61,679.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 2,654 shares of company stock worth $71,358. Insiders own 1.39% of the company’s stock.
A number of research firms have recently weighed in on CRTO. Zacks Investment Research upgraded shares of Criteo from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley dropped their price target on shares of Criteo from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 29th. Truist Financial dropped their price target on shares of Criteo from $45.00 to $40.00 in a research report on Monday, May 2nd. Benchmark began coverage on shares of Criteo in a research report on Tuesday, March 1st. They issued a “buy” rating and a $45.00 price target for the company. Finally, TheStreet downgraded shares of Criteo from a “b” rating to a “c+” rating in a research report on Wednesday, April 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $45.50.
Criteo Company Profile (Get Rating)
Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and 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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