Shares of Criteo S.A. (NASDAQ:CRTO) have received a consensus rating of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $37.88.
Several research firms recently commented on CRTO. BMO Capital Markets raised their target price on Criteo from $45.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. Zacks Investment Research cut Criteo from a “buy” rating to a “hold” rating in a report on Tuesday, August 31st. Stifel Nicolaus raised Criteo from a “hold” rating to a “buy” rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Thursday, June 3rd. Finally, Rosenblatt Securities lifted their target price on Criteo from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 5th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Criteo by 89.7% during the 1st quarter. FMR LLC now owns 823,009 shares of the information services provider’s stock worth $16,485,000 after acquiring an additional 389,100 shares during the period. Daiwa Securities Group Inc. bought a new position in Criteo in the 1st quarter valued at about $816,000. Envestnet Asset Management Inc. lifted its position in Criteo by 14.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 152,036 shares of the information services provider’s stock valued at $5,280,000 after acquiring an additional 19,167 shares in the last quarter. Bank of Nova Scotia bought a new position in Criteo in the 1st quarter valued at about $474,000. Finally, BNP Paribas Arbitrage SA bought a new position in shares of Criteo during the 1st quarter worth approximately $254,000. Institutional investors and hedge funds own 84.05% of the company’s stock.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Tuesday, August 3rd. The information services provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. Criteo had a return on equity of 12.28% and a net margin of 3.95%. The company had revenue of $220.00 million during the quarter, compared to the consensus estimate of $208.75 million. During the same quarter last year, the company earned $0.27 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. On average, equities analysts expect that Criteo will post 1.82 EPS for the current year.
Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include Criteo Marketing Solutions, Criteo Shopper Graph, Criteo AI Engine, Criteo Retail Media, and Publisher Network.
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