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Zacks Investment Research upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a strong-buy rating in a report published on Friday, Zacks.com reports. The brokerage currently has $24.00 price objective on the information services provider’s 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. “

A number of other research firms have also commented on CRTO. SunTrust Banks set a $32.00 price target on Criteo and gave the company a buy rating in a research report on Thursday, February 14th. Berenberg Bank reaffirmed a buy rating and set a $40.00 price target on shares of Criteo in a research report on Thursday, March 7th. ValuEngine lowered Criteo from a hold rating to a sell rating in a research report on Thursday, February 14th. BidaskClub lowered Criteo from a hold rating to a sell rating in a research report on Thursday, March 21st. Finally, BMO Capital Markets decreased their target price on Criteo from $26.00 to $21.00 and set a market perform rating for the company in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Criteo currently has a consensus rating of Hold and an average target price of $29.09.

CRTO traded down $0.87 during midday trading on Friday, reaching $19.85. 611,668 shares of the company’s stock traded hands, compared to its average volume of 696,532. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 2.52 and a beta of 1.03. Criteo has a 52 week low of $17.74 and a 52 week high of $36.66.

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Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Tuesday, April 30th. The information services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $235.69 million during the quarter, compared to analyst estimates of $234.24 million. Criteo had a return on equity of 10.79% and a net margin of 3.83%. Criteo’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. On average, analysts anticipate that Criteo will post 1.64 earnings per share for the current fiscal year.

In other news, CTO Dan Teodosiu sold 10,000 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $27.20, for a total value of $272,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.01% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in Criteo during the 1st quarter valued at approximately $470,000. Fiera Capital Corp increased its position in Criteo by 13.8% during the 1st quarter. Fiera Capital Corp now owns 190,052 shares of the information services provider’s stock valued at $3,807,000 after buying an additional 23,057 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Criteo by 64.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 80,025 shares of the information services provider’s stock valued at $1,603,000 after buying an additional 31,371 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Criteo by 82.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 42,852 shares of the information services provider’s stock valued at $1,091,000 after buying an additional 19,371 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Criteo by 75.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,928,309 shares of the information services provider’s stock valued at $38,629,000 after buying an additional 826,240 shares in the last quarter. 82.39% of the stock is owned by hedge funds and other institutional investors.

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Criteo Company Profile

Criteo SA, a technology company, provides an advertising platform for the open Internet 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 AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.

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