Criteo (NASDAQ:CRTO) Announces Quarterly Earnings Results

Criteo (NASDAQ:CRTOGet 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.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Criteo by 16.9% during the fourth quarter. Wells Fargo & Company MN now owns 18,815 shares of the information services provider’s stock worth $731,000 after purchasing an additional 2,715 shares during the period. LPL Financial LLC lifted its holdings in shares of Criteo by 5.8% during the third quarter. LPL Financial LLC now owns 28,308 shares of the information services provider’s stock worth $1,037,000 after purchasing an additional 1,561 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Criteo during the fourth quarter worth $1,234,000. Sei Investments Co. lifted its holdings in shares of Criteo by 5.0% during the fourth quarter. Sei Investments Co. now owns 40,131 shares of the information services provider’s stock worth $1,563,000 after purchasing an additional 1,924 shares during the period. Finally, State Street Corp lifted its holdings in shares of Criteo by 52.2% during the fourth quarter. State Street Corp now owns 97,306 shares of the information services provider’s stock worth $3,782,000 after purchasing an additional 33,364 shares during the period. Institutional investors own 93.28% 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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Earnings History for Criteo (NASDAQ:CRTO)

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