Criteo (NASDAQ:CRTO) Stock Rating Upgraded by Zacks Research

Criteo (NASDAQ:CRTO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other research firms also recently commented on CRTO. Huber Research downgraded shares of Criteo from an “overweight” rating to an “underweight” rating in a research report on Monday, August 24th. BMO Capital Markets set a $20.00 price target on shares of Criteo in a research note on Thursday, August 6th. DA Davidson reissued a “buy” rating and issued a $24.00 price target on shares of Criteo in a research report on Tuesday, July 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Friday, July 17th. Finally, Citigroup restated a “buy” rating on shares of Criteo in a research note on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Criteo currently has an average rating of “Hold” and a consensus price target of $22.65.

Criteo Trading Up 1.2%

CRTO stock opened at $15.39 on Monday. Criteo has a twelve month low of $14.28 and a twelve month high of $25.29. The company’s 50 day moving average is $16.65 and its two-hundred day moving average is $18.12. The stock has a market cap of $754.11 million, a P/E ratio of 7.81 and a beta of 0.29.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.09. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The business had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts predict that Criteo will post 2.58 earnings per share for the current year.

Insiders Place Their Bets

In other Criteo news, CEO Michael Komasinski sold 15,559 shares of Criteo stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $268,081.57. Following the transaction, the chief executive officer owned 345,547 shares of the company’s stock, valued at $5,953,774.81. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan Damon sold 6,178 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $106,446.94. Following the completion of the sale, the insider owned 167,765 shares of the company’s stock, valued at approximately $2,890,590.95. This represents a 3.55% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 30,725 shares of company stock valued at $529,527 over the last quarter. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently modified their holdings of CRTO. WealthCollab LLC increased its holdings in shares of Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 817 shares during the period. Rockefeller Capital Management L.P. raised its position in Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 940 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Criteo in the 2nd quarter valued at $36,000. GAMMA Investing LLC boosted its stake in Criteo by 61.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock worth $63,000 after purchasing an additional 1,314 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Criteo by 357.9% during the 1st quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock worth $74,000 after purchasing an additional 3,225 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Company Profile

Criteo SA is a global commerce media company headquartered in Paris, France. The company provides technology that helps advertisers, retailers and publishers connect with consumers and measure the impact of digital marketing campaigns across the commerce journey.

Criteo’s platform supports retail media and performance marketing activities, including sponsored product placements, display and video advertising, audience activation, customer acquisition and campaign measurement. Its solutions are designed to use commerce data and artificial intelligence to help brands reach relevant audiences, while enabling retailers and publishers to generate advertising revenue.

Founded in 2005 by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli, Criteo serves clients across North America, Europe, Asia-Pacific and other international markets.