ValuEngine upgraded shares of Criteo (NASDAQ:CRTO) from a strong sell rating to a sell rating in a research report released on Wednesday morning.
A number of other research analysts have also recently issued reports on CRTO. Zacks Investment Research upgraded Criteo from a sell rating to a buy rating and set a $23.00 price objective for the company in a research note on Thursday, October 25th. BMO Capital Markets lowered 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. BidaskClub downgraded Criteo from a hold rating to a sell rating in a research report on Wednesday, October 31st. Citigroup lowered their target price on Criteo from $28.00 to $27.00 and set a neutral rating on the stock in a research report on Thursday, November 1st. Finally, Berenberg Bank set a $42.00 target price on Criteo and gave the company a buy rating in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $31.50.
Shares of CRTO traded up $0.08 on Wednesday, reaching $24.50. The stock had a trading volume of 21,864 shares, compared to its average volume of 701,412. The stock has a market cap of $1.57 billion, a PE ratio of 15.03, a PEG ratio of 3.07 and a beta of 1.49. Criteo has a 12-month low of $19.13 and a 12-month high of $36.66.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The company had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $222.00 million. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Sell-side analysts predict that Criteo will post 1.52 EPS for the current fiscal year.
In related news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of Criteo stock in a transaction on Thursday, November 29th. The shares were bought at an average cost of $23.42 per share, with a total value of $515,240.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.32% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC lifted its holdings in Criteo by 46.6% during the third quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock worth $214,000 after buying an additional 2,968 shares during the period. TD Asset Management Inc. acquired a new position in shares of Criteo in the 2nd quarter valued at $249,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Criteo in the 2nd quarter valued at $249,000. Mount Yale Investment Advisors LLC increased its position in shares of Criteo by 58.9% in the 2nd 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 during the period. Finally, Sei Investments Co. acquired a new position in shares of Criteo in the 2nd quarter valued at $366,000. 81.27% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading: When is a capital gain realized?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.