Positive Press Coverage Somewhat Unlikely to Impact Criteo (CRTO) Share Price

News stories about Criteo (NASDAQ:CRTO) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Criteo earned a news sentiment score of 0.32 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 46.6988518743114 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

NASDAQ CRTO traded down $1.20 during mid-day trading on Thursday, hitting $25.84. The stock had a trading volume of 1,956,067 shares, compared to its average volume of 871,454. Criteo has a 52-week low of $21.00 and a 52-week high of $56.00. The company has a market capitalization of $1,821.41, a P/E ratio of 19.28, a PEG ratio of 0.90 and a beta of 1.82.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, February 14th. The information services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.47. Criteo had a return on equity of 15.34% and a net margin of 3.97%. The firm had revenue of $277.00 million during the quarter, compared to the consensus estimate of $262.02 million. During the same period last year, the business posted $0.84 EPS. Criteo’s quarterly revenue was up 23.1% on a year-over-year basis. equities research analysts anticipate that Criteo will post 1.53 earnings per share for the current year.

CRTO has been the subject of several analyst reports. BidaskClub downgraded Criteo from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 30th. KeyCorp raised Criteo from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, February 14th. BMO Capital Markets downgraded Criteo from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $30.00 to $26.00 in a research note on Tuesday, January 23rd. Zacks Investment Research raised Criteo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Citigroup reissued a “hold” rating and set a $35.00 target price on shares of Criteo in a research note on Friday, March 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $43.35.

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

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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.

Insider Buying and Selling by Quarter for Criteo (NASDAQ:CRTO)

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