Cowen restated their hold rating on shares of Criteo (NASDAQ:CRTO) in a report published on Thursday. The firm currently has a $29.00 price target on the information services provider’s stock.
Several other research firms also recently issued reports on CRTO. Jefferies Group downgraded Criteo from a buy rating to a hold rating in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a hold rating and set a $28.00 price target (up previously from $26.00) on shares of Criteo in a research note on Thursday. Zacks Investment Research downgraded Criteo from a hold rating to a sell rating in a research note on Thursday, October 19th. Macquarie upgraded Criteo from a neutral rating to an outperform rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets restated a buy rating on shares of Criteo in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Criteo has an average rating of Hold and an average price target of $43.59.
Shares of Criteo (CRTO) opened at $31.00 on Thursday. The stock has a market capitalization of $2,045.79, a PE ratio of 17.42, a PEG ratio of 1.51 and a beta of 2.25. Criteo has a 52 week low of $21.00 and a 52 week high of $56.00.
Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 14th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.47. The company had revenue of $277.00 million during the quarter, compared to the consensus estimate of $262.02 million. Criteo had a return on equity of 16.14% and a net margin of 3.97%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. equities analysts expect that Criteo will post 1.03 earnings per share for the current year.
In other Criteo news, insider Jean-Baptiste Rudelle sold 1,261 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total value of $31,247.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Eichmann sold 7,153 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $24.87, for a total value of $177,895.11. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in Criteo by 110.8% in the 4th quarter. Millennium Management LLC now owns 621,803 shares of the information services provider’s stock valued at $16,186,000 after acquiring an additional 326,870 shares in the last quarter. International Value Advisers LLC acquired a new position in Criteo in the 4th quarter valued at approximately $43,764,000. Deutsche Bank AG raised its holdings in Criteo by 100.8% in the 4th quarter. Deutsche Bank AG now owns 1,421,163 shares of the information services provider’s stock valued at $36,992,000 after acquiring an additional 713,257 shares in the last quarter. Profund Advisors LLC raised its holdings in Criteo by 35.9% in the 4th quarter. Profund Advisors LLC now owns 30,024 shares of the information services provider’s stock valued at $782,000 after acquiring an additional 7,935 shares in the last quarter. Finally, Invictus RG acquired a new position in Criteo in the 4th quarter valued at approximately $362,000. 80.06% of the stock is owned by hedge funds and other institutional investors.
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Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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