Analysts’ Weekly Ratings Changes for Criteo (CRTO)

Several brokerages have updated their recommendations and price targets on shares of Criteo (NASDAQ: CRTO) in the last few weeks:

1/16/2019 – Criteo was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
1/14/2019 – Criteo was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “
1/11/2019 – Criteo was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
1/4/2019 – Criteo was downgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “sell” rating. They now have a $20.00 price target on the stock, down previously from $24.00.
12/28/2018 – Criteo was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
12/25/2018 – Criteo was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “
12/15/2018 – Criteo was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
12/12/2018 – Criteo was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
12/10/2018 – Criteo was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “

Shares of NASDAQ CRTO traded down $0.09 during trading on Thursday, reaching $25.08. 13,381 shares of the company traded hands, compared to its average volume of 396,112. The company has a market cap of $1.69 billion, a PE ratio of 15.39, a PEG ratio of 3.38 and a beta of 1.31. Criteo SA has a 52-week low of $19.13 and a 52-week high of $36.66.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, October 31st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The firm had revenue of $223.00 million during the quarter, compared to analyst estimates of $222.00 million. Criteo had a net margin of 4.50% and a return on equity of 12.98%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. As a group, equities research analysts forecast that Criteo SA will post 1.52 EPS for the current fiscal year.

In other news, CEO Jean-Baptiste Rudelle bought 22,000 shares of Criteo stock in a transaction on Thursday, November 29th. The stock was acquired at an average cost of $23.42 per share, for a total transaction of $515,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.32% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. purchased a new stake in Criteo in the second quarter valued at approximately $481,000. BlackRock Inc. boosted its position in Criteo by 100.2% in the second quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock valued at $469,000 after buying an additional 7,141 shares during the last quarter. FMR LLC boosted its position in Criteo by 81.3% in the second quarter. FMR LLC now owns 1,502,700 shares of the information services provider’s stock valued at $49,364,000 after buying an additional 673,700 shares during the last quarter. Raymond James & Associates boosted its position in Criteo by 40.8% in the second quarter. Raymond James & Associates now owns 77,540 shares of the information services provider’s stock valued at $2,547,000 after buying an additional 22,458 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in Criteo by 26.5% in the second quarter. First Republic Investment Management Inc. now owns 15,035 shares of the information services provider’s stock valued at $494,000 after buying an additional 3,152 shares during the last quarter. Hedge funds and other institutional investors own 78.89% of the company’s stock.

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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