Criteo (NASDAQ:CRTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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 subject of a number of other reports. BidaskClub raised Criteo from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. 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. Nomura decreased their price objective on Criteo from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, November 1st. DA Davidson assumed coverage on Criteo in a research report on Monday, October 8th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, ValuEngine raised Criteo from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.60.
Shares of NASDAQ CRTO opened at $23.34 on Tuesday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 14.32, a PEG ratio of 3.03 and a beta of 1.49. Criteo has a 52-week low of $19.13 and a 52-week high of $36.66.
Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, October 31st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $222.00 million. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Research analysts anticipate that Criteo will post 1.52 earnings per share for the current year.
In related news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is available at the SEC website. 3.32% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Regal Investment Advisors LLC lifted its holdings in shares of Criteo by 46.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock valued at $214,000 after buying an additional 2,968 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $249,000. Mount Yale Investment Advisors LLC lifted its holdings in shares of Criteo by 58.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock valued at $355,000 after buying an additional 4,000 shares during the period. Sei Investments Co. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $366,000. Finally, BlackRock Inc. lifted its holdings in shares of Criteo by 100.2% in the 2nd quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock valued at $469,000 after buying an additional 7,141 shares during the period. 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: Consumer Price Index (CPI)
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.