Shares of Criteo SA (NASDAQ:CRTO) have received an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $38.53.
A number of research analysts have recently weighed in on the company. Nomura assumed coverage on Criteo in a report on Tuesday, July 10th. They issued a “neutral” rating and a $34.00 price objective on the stock. BidaskClub lowered Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 17th. MED dropped their target price on Criteo to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Cowen reaffirmed a “hold” rating and set a $28.00 target price on shares of Criteo in a report on Thursday, August 2nd. Finally, Morgan Stanley dropped their target price on Criteo from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 11th.
Shares of CRTO stock traded down $0.13 during mid-day trading on Wednesday, reaching $22.97. The stock had a trading volume of 39,163 shares, compared to its average volume of 930,026. The firm has a market capitalization of $1.52 billion, a PE ratio of 13.93 and a beta of 1.65. Criteo has a 1-year low of $21.00 and a 1-year high of $47.57.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $230.00 million for the quarter, compared to analyst estimates of $229.33 million. Criteo had a return on equity of 14.05% and a net margin of 4.55%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. On average, equities analysts expect that Criteo will post 1.45 earnings per share for the current year.
In other Criteo news, COO Mary Spilman sold 3,815 shares of the stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $33.74, for a total transaction of $128,718.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.32% of the company’s stock.
A number of hedge funds have recently modified their holdings of CRTO. JPMorgan Chase & Co. lifted its position in shares of Criteo by 969,312.5% in the first quarter. JPMorgan Chase & Co. now owns 77,553 shares of the information services provider’s stock valued at $2,004,000 after acquiring an additional 77,545 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Criteo in the first quarter valued at approximately $2,465,000. FIL Ltd lifted its position in shares of Criteo by 17.4% in the first quarter. FIL Ltd now owns 551,457 shares of the information services provider’s stock valued at $14,250,000 after acquiring an additional 81,621 shares in the last quarter. RMB Capital Management LLC purchased a new position in shares of Criteo in the first quarter valued at approximately $1,931,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Criteo by 8.7% in the first quarter. Allianz Asset Management GmbH now owns 3,084,800 shares of the information services provider’s stock valued at $79,711,000 after acquiring an additional 246,560 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.
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.
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