Criteo (NASDAQ:CRTO) has been given a $28.00 target price by research analysts at SunTrust Banks in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the information services provider’s stock. SunTrust Banks’ price objective indicates a potential upside of 26.81% from the company’s previous close.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Criteo from a “sell” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Thursday, October 25th. Nomura started coverage on Criteo in a research report on Tuesday, July 10th. They set a “neutral” rating and a $34.00 target price on the stock. Berenberg Bank set a $42.00 target price on Criteo and gave the company a “buy” rating in a research report on Friday. BidaskClub lowered Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 17th. Finally, BMO Capital Markets reduced their target price on Criteo from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Criteo presently has an average rating of “Hold” and an average price target of $31.31.
Shares of NASDAQ CRTO opened at $22.08 on Tuesday. The firm has a market cap of $1.48 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.00 and a beta of 1.48. Criteo has a 1-year low of $19.85 and a 1-year high of $38.50.
Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, October 31st. The information services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $222.00 million. Criteo had a return on equity of 13.18% and a net margin of 4.50%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. As a group, analysts anticipate that Criteo will post 1.47 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Regal Investment Advisors LLC lifted its position in shares of Criteo by 46.6% in the third quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock valued at $214,000 after acquiring an additional 2,968 shares in the last quarter. TD Asset Management Inc. purchased a new position in shares of Criteo in the second quarter valued at approximately $249,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Criteo in the second quarter valued at approximately $249,000. Mount Yale Investment Advisors LLC lifted its position 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 acquiring an additional 4,000 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Criteo in the second quarter valued at approximately $366,000. Institutional investors own 86.36% of the company’s stock.
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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