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. “
Other equities analysts also recently issued research reports about the company. Berenberg Bank reiterated a “buy” rating and issued a $40.00 price objective on shares of Criteo in a research note on Thursday, March 7th. BidaskClub upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. SunTrust Banks set a $32.00 price objective on Criteo and gave the company a “buy” rating in a research note on Thursday, February 14th. ValuEngine upgraded Criteo from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Finally, Rosenblatt Securities reiterated a “hold” rating and issued a $23.00 price objective on shares of Criteo in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Criteo presently has a consensus rating of “Hold” and an average target price of $29.09.
Shares of NASDAQ CRTO opened at $19.85 on Friday. Criteo has a twelve month low of $17.74 and a twelve month high of $36.66. The company has a market capitalization of $1.37 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03.
Criteo (NASDAQ:CRTO) last announced its earnings results on Tuesday, April 30th. The information services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Criteo had a return on equity of 10.79% and a net margin of 3.83%. The firm had revenue of $235.69 million for the quarter, compared to the consensus estimate of $234.24 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, research analysts forecast that Criteo will post 1.64 earnings per share for the current fiscal year.
In other Criteo news, CTO Dan Teodosiu sold 10,000 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $27.20, for a total transaction of $272,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.01% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Legato Capital Management LLC bought a new position in shares of Criteo in the fourth quarter worth $439,000. Bell Rock Capital LLC bought a new position in shares of Criteo in the fourth quarter worth $34,000. Conning Inc. increased its holdings in shares of Criteo by 92.2% in the fourth quarter. Conning Inc. now owns 139,775 shares of the information services provider’s stock worth $3,176,000 after purchasing an additional 67,065 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Criteo in the fourth quarter worth $161,000. Finally, Trust Co. of Vermont increased its holdings in shares of Criteo by 30.2% in the fourth quarter. Trust Co. of Vermont now owns 5,509 shares of the information services provider’s stock worth $125,000 after purchasing an additional 1,279 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.
About Criteo
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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