A number of research firms have changed their ratings and price targets for Criteo (NASDAQ: CRTO):
- 1/22/2019 – Criteo was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 1/22/2019 – Criteo was given a new $40.00 price target on by analysts at Berenberg Bank. They now have a “buy” rating on the stock.
- 1/16/2019 – Criteo was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 1/14/2019 – Criteo was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
- 1/11/2019 – Criteo was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
- 1/4/2019 – Criteo was downgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “sell” rating. They now have a $20.00 price target on the stock, down previously from $24.00.
- 12/28/2018 – Criteo was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 12/25/2018 – Criteo was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
- 12/15/2018 – Criteo was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 12/12/2018 – Criteo was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
- 12/10/2018 – Criteo was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the 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. “
NASDAQ CRTO traded up $0.11 during trading on Thursday, hitting $24.90. 242,390 shares of the stock traded hands, compared to its average volume of 356,638. The stock has a market capitalization of $1.67 billion, a PE ratio of 15.28, a P/E/G ratio of 3.35 and a beta of 1.31. Criteo SA has a 12-month low of $19.13 and a 12-month high of $36.66.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, October 31st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The business had revenue of $223.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. Equities analysts predict that Criteo SA will post 1.52 EPS for the current fiscal year.
In related news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was acquired at an average price of $23.42 per share, with a total value of $515,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.32% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH grew its position in shares of Criteo by 5.3% in the third quarter. Allianz Asset Management GmbH now owns 3,875,295 shares of the information services provider’s stock valued at $88,899,000 after purchasing an additional 196,590 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Criteo by 70.8% in the third quarter. Bank of New York Mellon Corp now owns 3,257,505 shares of the information services provider’s stock valued at $74,726,000 after purchasing an additional 1,350,322 shares in the last quarter. First Manhattan Co. grew its position in shares of Criteo by 4.3% in the third quarter. First Manhattan Co. now owns 2,622,051 shares of the information services provider’s stock valued at $60,149,000 after purchasing an additional 106,922 shares in the last quarter. Pictet Asset Management Ltd. grew its position in shares of Criteo by 3.1% in the third quarter. Pictet Asset Management Ltd. now owns 1,690,791 shares of the information services provider’s stock valued at $38,787,000 after purchasing an additional 51,487 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Criteo by 1.2% in the third quarter. Janus Henderson Group PLC now owns 997,371 shares of the information services provider’s stock valued at $22,890,000 after purchasing an additional 12,166 shares in the last quarter. 81.25% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Certificate of Deposit (CD)
Receive News & Ratings for Criteo SA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Criteo SA and related companies with MarketBeat.com’s FREE daily email newsletter.