BidaskClub upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a buy rating in a research note issued to investors on Saturday morning, BidAskClub reports.
CRTO has been the subject of a number of other research reports. SunTrust Banks upgraded Criteo from a hold rating to a buy rating in a report on Wednesday, May 8th. Macquarie cut Criteo from an outperform rating to a neutral rating and set a $19.54 price target for the company. in a report on Wednesday, May 1st. Rosenblatt Securities restated a hold rating and issued a $23.00 price target on shares of Criteo in a report on Friday, May 3rd. ValuEngine upgraded Criteo from a strong sell rating to a sell rating in a report on Friday, April 26th. Finally, Zacks Investment Research cut Criteo from a buy rating to a hold rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Criteo currently has a consensus rating of Hold and an average price target of $26.96.
Shares of NASDAQ:CRTO traded up $0.10 during trading on Friday, reaching $19.95. 618,534 shares of the stock were exchanged, compared to its average volume of 371,456. Criteo has a 12-month low of $16.46 and a 12-month high of $30.85. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. The company has a 50-day moving average price of $18.12.
Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, July 31st. The information services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. Criteo had a return on equity of 10.84% and a net margin of 3.72%. The business had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $222.59 million. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, research analysts expect that Criteo will post 1.66 earnings per share for the current year.
In other Criteo news, COO Mary Spilman sold 1,567 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $17.05, for a total value of $26,717.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 2,447 shares of company stock worth $42,570. 4.01% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CRTO. DNB Asset Management AS raised its position in shares of Criteo by 800.2% in the 2nd quarter. DNB Asset Management AS now owns 2,042,979 shares of the information services provider’s stock valued at $35,119,000 after purchasing an additional 1,816,025 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Criteo by 75.0% in 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 purchasing an additional 826,240 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Criteo by 55.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,137,060 shares of the information services provider’s stock valued at $22,775,000 after purchasing an additional 405,600 shares in the last quarter. FMR LLC raised its position in shares of Criteo by 89.7% in the 1st quarter. FMR LLC now owns 823,009 shares of the information services provider’s stock valued at $16,485,000 after purchasing an additional 389,100 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Criteo by 220.7% in the 1st quarter. Marshall Wace LLP now owns 256,757 shares of the information services provider’s stock valued at $5,142,000 after purchasing an additional 176,688 shares in the last quarter. 83.34% of the stock is currently owned by institutional investors.
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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