News headlines about Criteo (NASDAQ:CRTO) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Criteo earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 45.8153602296332 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- Criteo SA – American Deposita (CRTO) Investment Decreased by Arrowstreet Capital, Limited Partnership – Modern Readers (modernreaders.com)
- Synacor, Inc. (SYNC) registers a price change of 4.08% while Criteo … – Stocks Gallery (stocksgallery.com)
- Criteo SA (CRTO) Needle Moving on Volume – Sheridan Daily (sheridandaily.com)
- Analysts focus on Buy position: Criteo SA (CRTO) – Street Observer (press release) (streetobserver.com)
- Criteo SA – American Deposita (CRTO) Position Increased by Concourse Capital Management, LLC – Modern Readers (modernreaders.com)
A number of equities analysts have weighed in on CRTO shares. Raymond James Financial, Inc. restated a “market perform” rating on shares of Criteo in a research note on Monday, April 24th. Royal Bank Of Canada increased their price objective on Criteo from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price objective on shares of Criteo in a research report on Friday, May 5th. Cowen and Company reiterated an “outperform” rating on shares of Criteo in a research report on Tuesday, June 6th. Finally, BidaskClub lowered Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Criteo presently has an average rating of “Hold” and a consensus price target of $55.98.
Shares of Criteo (CRTO) opened at 48.40 on Friday. Criteo has a one year low of $32.83 and a one year high of $56.00.
Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The company had revenue of $220 million for the quarter, compared to analysts’ expectations of $212.55 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities research analysts forecast that Criteo will post $2.43 earnings per share for the current fiscal year.
In other Criteo news, Director James Warner sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $46.98, for a total transaction of $58,725.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Eichmann sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $49.04, for a total value of $980,800.00. The disclosure for this sale can be found here. Insiders have sold 649,537 shares of company stock worth $32,984,779 over the last three months. 5.60% of the stock is currently owned by insiders.
Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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