BidaskClub downgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a sell rating in a report issued on Thursday.
Several other research firms have also recently issued reports on CRTO. ValuEngine raised Criteo from a sell rating to a hold rating in a research report on Friday, January 11th. Zacks Investment Research cut Criteo from a buy rating to a hold rating in a research report on Tuesday, December 25th. Goldman Sachs Group cut Criteo from a neutral rating to a sell rating and lowered their price objective for the stock from $24.00 to $20.00 in a research report on Friday, January 4th. Berenberg Bank set a $40.00 price objective on Criteo and gave the stock a buy rating in a research report on Tuesday, January 22nd. Finally, SunTrust Banks set a $32.00 price objective on Criteo and gave the stock a buy rating in a research report on Thursday, February 14th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $31.20.
NASDAQ:CRTO opened at $25.11 on Thursday. The stock has a market cap of $1.69 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 3.49 and a beta of 1.11. Criteo has a 1 year low of $19.13 and a 1 year high of $36.66.
Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, February 13th. The information services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.11. The business had revenue of $271.86 million during the quarter, compared to analysts’ expectations of $260.44 million. Criteo had a return on equity of 10.90% and a net margin of 3.85%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. Equities research analysts predict that Criteo will post 1.44 earnings per share for the current year.
In related news, CTO Dan Teodosiu sold 10,000 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $27.20, for a total value of $272,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 11,373 shares of company stock valued at $307,931. Insiders own 3.32% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Criteo by 128.4% in the 4th quarter. FMR LLC now owns 433,909 shares of the information services provider’s stock valued at $9,858,000 after purchasing an additional 243,909 shares during the period. Aurora Investment Counsel lifted its position in Criteo by 10.3% during the 4th quarter. Aurora Investment Counsel now owns 87,311 shares of the information services provider’s stock worth $1,984,000 after acquiring an additional 8,165 shares during the period. River & Mercantile Asset Management LLP lifted its position in Criteo by 45.4% during the 4th quarter. River & Mercantile Asset Management LLP now owns 451,462 shares of the information services provider’s stock worth $10,259,000 after acquiring an additional 141,053 shares during the period. Gotham Asset Management LLC lifted its position in Criteo by 27.4% during the 4th quarter. Gotham Asset Management LLC now owns 15,258 shares of the information services provider’s stock worth $347,000 after acquiring an additional 3,284 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in Criteo by 1,163.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 122,069 shares of the information services provider’s stock worth $2,773,000 after acquiring an additional 112,408 shares during the period. 79.00% of the stock is owned by hedge funds and other institutional investors.
Criteo Company Profile
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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