Shares of Criteo SA (NASDAQ:CRTO) have earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $29.60.
Several analysts have recently commented on CRTO shares. ValuEngine cut Criteo from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. SunTrust Banks raised Criteo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $23.00 target price (down previously from $35.00) on shares of Criteo in a research report on Tuesday, March 26th. BidaskClub cut Criteo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $40.00 target price on shares of Criteo in a research report on Thursday, March 7th.
Shares of CRTO traded up $0.30 during trading hours on Thursday, hitting $20.18. 186,400 shares of the company were exchanged, compared to its average volume of 597,674. The firm has a market cap of $1.31 billion, a PE ratio of 12.37, a P/E/G ratio of 2.45 and a beta of 1.03. Criteo has a one year low of $17.74 and a one year high of $36.66.
Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Tuesday, April 30th. The information services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. The business had revenue of $235.69 million during the quarter, compared to analyst estimates of $234.24 million. Criteo had a return on equity of 10.75% and a net margin of 3.83%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. On average, equities research analysts expect that Criteo will post 1.66 EPS for the current fiscal year.
In related news, CTO Dan Teodosiu sold 10,000 shares of Criteo stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $27.20, for a total transaction of $272,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.01% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRTO. Legato Capital Management LLC acquired a new stake in Criteo during the fourth quarter valued at $439,000. Bell Rock Capital LLC acquired a new stake in Criteo during the fourth quarter valued at $34,000. Conning Inc. boosted its position in Criteo by 92.2% during the fourth quarter. Conning Inc. now owns 139,775 shares of the information services provider’s stock valued at $3,176,000 after purchasing an additional 67,065 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Criteo during the fourth quarter valued at $161,000. Finally, Trust Co. of Vermont boosted its position in Criteo by 30.2% during the fourth quarter. Trust Co. of Vermont now owns 5,509 shares of the information services provider’s stock valued at $125,000 after purchasing an additional 1,279 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.
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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