Criteo S.A. (NASDAQ:CRTO – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 923,100 shares, a growth of 80.7% from the May 31st total of 510,900 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 346,300 shares, the short-interest ratio is currently 2.7 days.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on CRTO. KeyCorp boosted their target price on shares of Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. DA Davidson boosted their target price on shares of Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their price objective on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Susquehanna upped their price objective on shares of Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, BMO Capital Markets raised shares of Criteo from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $31.00 to $45.00 in a research note on Friday, May 24th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.44.
Check Out Our Latest Report on Criteo
Insider Buying and Selling at Criteo
Institutional Investors Weigh In On Criteo
Several large investors have recently added to or reduced their stakes in CRTO. Citigroup Inc. purchased a new stake in Criteo during the 3rd quarter worth approximately $33,000. Mather Group LLC. purchased a new stake in Criteo during the 1st quarter worth approximately $48,000. Covestor Ltd increased its stake in Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after buying an additional 718 shares during the period. Barometer Capital Management Inc. purchased a new stake in Criteo during the 4th quarter worth approximately $119,000. Finally, FNY Investment Advisers LLC increased its stake in Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after buying an additional 4,500 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.
Criteo Stock Up 2.3 %
NASDAQ:CRTO traded up $0.84 on Friday, hitting $37.72. The stock had a trading volume of 467,818 shares, compared to its average volume of 445,419. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 38.89 and a beta of 0.95. The company has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $32.50. Criteo has a 1-year low of $22.10 and a 1-year high of $39.97.
Criteo (NASDAQ:CRTO – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The information services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.30 by $0.14. Criteo had a net margin of 2.96% and a return on equity of 12.33%. The firm had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. As a group, analysts anticipate that Criteo will post 2.26 earnings per share for the current year.
About Criteo
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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