Shares of Criteo SA (NASDAQ:CRTO) have earned an average recommendation of “Hold” from the twenty ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $29.60.
Several analysts have issued reports on the stock. Berenberg Bank restated a “buy” rating and set a $40.00 price target on shares of Criteo in a research report on Thursday, March 7th. BidaskClub lowered shares of Criteo from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. ValuEngine upgraded shares of Criteo from a “strong sell” rating to a “sell” rating in a research report on Friday, April 26th. SunTrust Banks downgraded shares of Criteo from a “buy” rating to a “hold” rating and set a $21.22 price objective for the company. in a research note on Tuesday, March 26th. Finally, Zacks Investment Research raised shares of Criteo from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Friday, May 10th.
Several large investors have recently modified their holdings of CRTO. Oppenheimer Asset Management Inc. bought a new position in shares of Criteo during the fourth quarter valued at about $161,000. First Mercantile Trust Co. bought a new position in Criteo in the fourth quarter worth about $95,000. TD Asset Management Inc. raised its stake in Criteo by 17.3% in the fourth quarter. TD Asset Management Inc. now owns 10,386 shares of the information services provider’s stock worth $234,000 after buying an additional 1,535 shares in the last quarter. Exane Asset Management bought a new position in Criteo in the fourth quarter worth about $807,000. Finally, Cutler Group LP raised its stake in Criteo by 121.6% in the fourth quarter. Cutler Group LP now owns 7,979 shares of the information services provider’s stock worth $181,000 after buying an additional 44,979 shares in the last quarter. 82.86% of the stock is owned by hedge funds and other institutional investors.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Tuesday, April 30th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.13. Criteo had a net margin of 3.83% and a return on equity of 10.75%. The business had revenue of $235.69 million during the quarter, compared to analyst estimates of $234.24 million. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Equities analysts expect that Criteo will post 1.66 earnings per share for the current year.
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.
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