Criteo (CRTO) Price Target Cut to $25.00

Criteo (NASDAQ:CRTO) had its price target lowered by stock analysts at Nomura from $30.00 to $25.00 in a research note issued on Thursday, The Fly reports. The firm currently has a “neutral” rating on the information services provider’s stock. Nomura’s price target would indicate a potential upside of 13.28% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Pivotal Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Criteo in a research note on Wednesday, August 1st. ValuEngine raised shares of Criteo from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $39.00 price target on shares of Criteo in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Finally, MED reduced their price target on shares of Criteo to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $32.00.

Shares of Criteo stock traded down $0.13 during trading on Thursday, hitting $22.07. The stock had a trading volume of 667,232 shares, compared to its average volume of 508,489. The firm has a market capitalization of $1.51 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 3.06 and a beta of 1.47. Criteo has a 12 month low of $19.85 and a 12 month high of $38.50.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, October 31st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 13.18%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. Equities analysts forecast that Criteo will post 1.47 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Criteo by 1,231.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,907,183 shares of the information services provider’s stock worth $62,652,000 after buying an additional 1,763,968 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Criteo by 19.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 395,000 shares of the information services provider’s stock valued at $12,976,000 after purchasing an additional 65,000 shares during the period. Sei Investments Co. purchased a new position in Criteo during the 2nd quarter valued at about $366,000. Raymond James & Associates increased its position in Criteo by 40.8% during the 2nd quarter. Raymond James & Associates now owns 77,540 shares of the information services provider’s stock valued at $2,547,000 after purchasing an additional 22,458 shares during the period. Finally, FMR LLC increased its position in Criteo by 81.3% during the 2nd quarter. FMR LLC now owns 1,502,700 shares of the information services provider’s stock valued at $49,364,000 after purchasing an additional 673,700 shares during the period. 86.43% of the stock is currently owned by institutional investors.

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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