Zacks Investment Research lowered shares of Criteo (NASDAQ:CRTO) from a buy rating to a hold rating in a report released on Tuesday morning.
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. “
CRTO has been the subject of a number of other research reports. BidaskClub cut Criteo from a hold rating to a sell rating in a research note on Wednesday, September 12th. DA Davidson started coverage on Criteo in a research note on Monday, October 8th. They issued a neutral rating and a $25.00 price objective for the company. Berenberg Bank set a $42.00 target price on Criteo and gave the company a buy rating in a research report on Friday, November 2nd. KeyCorp cut their target price on Criteo from $42.00 to $40.00 and set an overweight rating on the stock in a research report on Thursday, November 1st. Finally, ValuEngine raised Criteo from a strong sell rating to a sell rating in a research report on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Criteo has an average rating of Hold and an average target price of $31.60.
Shares of Criteo stock opened at $23.07 on Tuesday. Criteo has a 52 week low of $19.13 and a 52 week high of $36.66. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 3.03 and a beta of 1.49.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The firm had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $222.00 million. During the same quarter last year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts expect that Criteo will post 1.52 EPS for the current fiscal year.
In other Criteo news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were acquired at an average price of $23.42 per share, with a total value of $515,240.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.32% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Regal Investment Advisors LLC boosted its position in Criteo by 46.6% in the third quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock worth $214,000 after purchasing an additional 2,968 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Criteo in the second quarter valued at $249,000. Mount Yale Investment Advisors LLC raised its stake in shares of Criteo by 58.9% in the second quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock valued at $355,000 after buying an additional 4,000 shares during the period. Sei Investments Co. bought a new stake in shares of Criteo in the second quarter valued at $366,000. Finally, BlackRock Inc. raised its stake in shares of 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 period. 81.27% of the stock is currently owned by institutional investors and hedge funds.
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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