Zacks Investment Research upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a buy rating in a research note issued to investors on Monday. The firm currently has $26.00 price target on the information services provider’s stock.
According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “
CRTO has been the topic of a number of other research reports. BidaskClub downgraded Criteo from a hold rating to a sell rating in a report on Wednesday, September 12th. DA Davidson assumed coverage on Criteo in a research report on Monday, October 8th. They set a neutral rating and a $25.00 target price for the company. Berenberg Bank set a $42.00 target price on Criteo and gave the stock a buy rating in a research report on Friday, November 2nd. KeyCorp decreased their target price on Criteo from $42.00 to $40.00 and set an overweight rating for the company in a research report on Thursday, November 1st. Finally, Pivotal Research decreased their target price on Criteo from $45.00 to $42.00 and set a buy rating for the company in a research report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $31.50.
NASDAQ:CRTO opened at $24.42 on Monday. Criteo has a 52 week low of $19.13 and a 52 week high of $36.66. The company has a market capitalization of $1.57 billion, a P/E ratio of 14.98, a PEG ratio of 3.07 and a beta of 1.49.
Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The firm had revenue of $223.00 million for the quarter, compared to the consensus estimate of $222.00 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. Analysts expect that Criteo will post 1.52 EPS for the current fiscal year.
In other Criteo news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of Criteo stock in a transaction dated Thursday, November 29th. The stock was bought at an average cost of $23.42 per share, with a total value of $515,240.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.32% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP boosted its position in shares of Criteo by 42.7% in the third quarter. Marshall Wace LLP now owns 229,582 shares of the information services provider’s stock valued at $5,267,000 after acquiring an additional 68,647 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Criteo in the third quarter valued at approximately $16,608,000. Vident Investment Advisory LLC bought a new stake in shares of Criteo in the third quarter valued at approximately $2,037,000. River & Mercantile Asset Management LLP boosted its position in shares of Criteo by 20.5% in the third quarter. River & Mercantile Asset Management LLP now owns 310,409 shares of the information services provider’s stock valued at $7,124,000 after acquiring an additional 52,870 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Criteo in the third quarter valued at approximately $765,000. 81.27% of the stock is owned by 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.
Featured Article: Fundamental Analysis and Individual Investors
Get a free copy of the Zacks research report on Criteo (CRTO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Criteo Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Criteo and related companies with MarketBeat.com’s FREE daily email newsletter.