Criteo Target of Unusually High Options Trading (CRTO)

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Criteo SA (NASDAQ:CRTO) saw some unusual options trading activity on Tuesday. Stock traders acquired 842 call options on the stock. This represents an increase of approximately 1,069% compared to the average daily volume of 72 call options.

NASDAQ CRTO opened at $22.52 on Thursday. Criteo has a 1 year low of $19.85 and a 1 year high of $42.50. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.72 and a beta of 1.65.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, October 31st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The firm had revenue of $223.00 million for the quarter, compared to analyst estimates of $222.00 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Criteo will post 1.47 EPS for the current fiscal year.

CRTO has been the topic of a number of research reports. Citigroup boosted their price objective on shares of Criteo from $31.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 9th. Pivotal Research initiated coverage on shares of Criteo in a research report on Monday, July 9th. They issued a “buy” rating and a $48.00 price objective on the stock. ValuEngine raised shares of Criteo from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Nomura initiated coverage on shares of Criteo in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $34.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

In other news, COO Mary Spilman sold 7,165 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $26.71, for a total value of $191,377.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.32% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH raised its position in Criteo by 8.7% during the first quarter. Allianz Asset Management GmbH now owns 3,084,800 shares of the information services provider’s stock worth $79,711,000 after acquiring an additional 246,560 shares in the last quarter. First Manhattan Co. raised its position in Criteo by 4.3% during the third quarter. First Manhattan Co. now owns 2,622,051 shares of the information services provider’s stock worth $60,149,000 after acquiring an additional 106,922 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Criteo by 8.6% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,612,825 shares of the information services provider’s stock worth $85,831,000 after acquiring an additional 207,495 shares in the last quarter. Bank of New York Mellon Corp raised its position in Criteo by 1,231.7% during the second quarter. Bank of New York Mellon Corp now owns 1,907,183 shares of the information services provider’s stock worth $62,652,000 after acquiring an additional 1,763,968 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Criteo by 3.9% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,645,899 shares of the information services provider’s stock worth $54,068,000 after acquiring an additional 62,134 shares in the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Company Profile

Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.

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