Criteo (NASDAQ:CRTO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The brokerage presently has a $24.00 price target on the information services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 20.91% from the company’s previous close.
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. “
Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities restated a “neutral” rating and set a $23.00 price objective (down previously from $35.00) on shares of Criteo in a report on Tuesday, March 26th. SunTrust Banks downgraded Criteo from a “buy” rating to a “hold” rating and set a $21.22 price objective for the company. in a report on Tuesday, March 26th. Macquarie downgraded Criteo from an “outperform” rating to a “neutral” rating and set a $19.54 price objective for the company. in a report on Wednesday, May 1st. ValuEngine downgraded Criteo from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 26th. Finally, BidaskClub downgraded Criteo from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.09.
CRTO traded down $0.87 during trading on Friday, hitting $19.85. The company’s stock had a trading volume of 605,144 shares, compared to its average volume of 609,016. Criteo has a twelve month low of $17.74 and a twelve month high of $36.66. The firm has a market cap of $1.31 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.
Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Tuesday, April 30th. The information services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.13. The firm had revenue of $235.69 million during the quarter, compared to the consensus estimate of $234.24 million. Criteo had a return on equity of 10.79% and a net margin of 3.83%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. As a group, equities research analysts expect that Criteo will post 1.4 EPS for the current fiscal year.
In related news, CTO Dan Teodosiu sold 10,000 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $27.20, for a total transaction of $272,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.01% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CRTO. Acadian Asset Management LLC grew its holdings in Criteo by 75.0% during the first quarter. Acadian Asset Management LLC now owns 1,928,309 shares of the information services provider’s stock worth $38,629,000 after buying an additional 826,240 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Criteo by 18.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,857,225 shares of the information services provider’s stock worth $87,637,000 after buying an additional 599,720 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Criteo during the fourth quarter worth $11,359,000. FMR LLC grew its holdings in Criteo by 128.4% during the fourth quarter. FMR LLC now owns 433,909 shares of the information services provider’s stock worth $9,858,000 after buying an additional 243,909 shares in the last quarter. Finally, DNB Asset Management AS bought a new stake in Criteo during the first quarter worth $4,546,000. Institutional investors and hedge funds own 82.39% of the company’s stock.
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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