Equities analysts forecast that Criteo SA (NASDAQ:CRTO) will announce $261.41 million in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Criteo’s earnings, with the lowest sales estimate coming in at $258.36 million and the highest estimate coming in at $263.10 million. Criteo posted sales of $224.95 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that Criteo will report full-year sales of $261.41 million for the current financial year, with estimates ranging from $922.55 million to $927.30 million. For the next fiscal year, analysts expect that the company will report sales of $913.11 million per share, with estimates ranging from $875.43 million to $958.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Criteo.

A number of equities analysts recently commented on CRTO shares. BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 price target on shares of Criteo in a research report on Wednesday, October 18th. Deutsche Bank lowered their price target on shares of Criteo to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Berenberg Bank reaffirmed a “buy” rating and set a $63.00 price target on shares of Criteo in a research report on Friday, November 10th. Citigroup lowered their price target on shares of Criteo from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, SunTrust Banks set a $35.00 price target on shares of Criteo and gave the stock a “buy” rating in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $43.19.

In other Criteo news, insider Jean-Baptiste Rudelle sold 1,261 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $24.78, for a total value of $31,247.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric Eichmann sold 7,153 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $24.87, for a total transaction of $177,895.11. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in Criteo by 3.2% in the 2nd quarter. State Street Corp now owns 26,727 shares of the information services provider’s stock valued at $1,311,000 after buying an additional 820 shares during the period. Stifel Financial Corp boosted its stake in shares of Criteo by 8.3% in the 2nd quarter. Stifel Financial Corp now owns 18,279 shares of the information services provider’s stock valued at $895,000 after purchasing an additional 1,396 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Criteo by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 63,400 shares of the information services provider’s stock valued at $3,110,000 after purchasing an additional 1,400 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Criteo by 18.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 11,284 shares of the information services provider’s stock valued at $468,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Criteo by 13.4% in the 3rd quarter. Synovus Financial Corp now owns 16,548 shares of the information services provider’s stock valued at $682,000 after purchasing an additional 1,960 shares in the last quarter. 80.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Criteo (NASDAQ:CRTO) traded up $0.48 on Friday, hitting $22.92. 627,699 shares of the stock traded hands, compared to its average volume of 807,435. The company has a market capitalization of $1,510.00, a price-to-earnings ratio of 19.76, a PEG ratio of 1.09 and a beta of 2.25. Criteo has a 52 week low of $21.00 and a 52 week high of $56.00.

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About Criteo

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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