Criteo (CRTO) Downgraded by Vertical Group

Criteo (NASDAQ:CRTO) was downgraded by stock analysts at Vertical Group from a “buy” rating to a “hold” rating in a report issued on Thursday, The Fly reports.

CRTO has been the topic of a number of other reports. BidaskClub upgraded shares of Criteo from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. ValuEngine lowered shares of Criteo from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Morgan Stanley restated an “equal weight” rating and set a $35.00 target price (up from $31.00) on shares of Criteo in a research note on Wednesday, February 21st. Citigroup upped their price target on Criteo from $32.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, March 5th. Finally, KeyCorp raised Criteo from a “sector weight” rating to an “overweight” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Criteo has an average rating of “Hold” and a consensus price target of $42.88.

Shares of CRTO stock traded down $0.33 during trading hours on Thursday, reaching $29.36. 39,428 shares of the stock were exchanged, compared to its average volume of 893,243. Criteo has a 12-month low of $21.00 and a 12-month high of $53.79. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.97 and a beta of 1.86.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, May 2nd. The information services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.14. Criteo had a net margin of 4.21% and a return on equity of 14.52%. The firm had revenue of $240.00 million for the quarter, compared to analyst estimates of $233.08 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. sell-side analysts forecast that Criteo will post 1.54 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its holdings in shares of Criteo by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 74,710 shares of the information services provider’s stock valued at $1,945,000 after acquiring an additional 2,985 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Criteo in the fourth quarter valued at approximately $2,568,000. Bank of New York Mellon Corp boosted its holdings in shares of Criteo by 7.0% in the fourth quarter. Bank of New York Mellon Corp now owns 143,214 shares of the information services provider’s stock valued at $3,728,000 after acquiring an additional 9,396 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Criteo in the fourth quarter valued at approximately $4,004,000. Finally, PARUS FINANCE UK Ltd boosted its holdings in shares of Criteo by 0.5% in the fourth quarter. PARUS FINANCE UK Ltd now owns 551,915 shares of the information services provider’s stock valued at $14,366,000 after acquiring an additional 2,790 shares during the period. 76.42% of the stock is owned by hedge funds and other institutional investors.

About Criteo

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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