Shares of Criteo SA (NASDAQ:CRTO) have received a consensus rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.82.
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Several equities analysts recently issued reports on CRTO shares. BidaskClub upgraded shares of Criteo from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Deutsche Bank dropped their target price on shares of Criteo from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. ValuEngine lowered shares of Criteo from a “sell” rating to a “strong sell” rating in a report on Friday. Berenberg Bank restated a “buy” rating and issued a $34.00 target price on shares of Criteo in a report on Friday, September 6th. Finally, Zacks Investment Research upgraded shares of Criteo from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 29th.
Several hedge funds and other institutional investors have recently made changes to their positions in CRTO. DNB Asset Management AS grew its position in shares of Criteo by 40.2% during the 3rd quarter. DNB Asset Management AS now owns 2,863,379 shares of the information services provider’s stock valued at $53,517,000 after acquiring an additional 820,400 shares during the period. Morgan Stanley lifted its stake in Criteo by 53.4% in the 2nd quarter. Morgan Stanley now owns 2,546,000 shares of the information services provider’s stock worth $43,817,000 after purchasing an additional 886,050 shares in the last quarter. Invesco Ltd. lifted its stake in Criteo by 12.8% in the 2nd quarter. Invesco Ltd. now owns 2,340,569 shares of the information services provider’s stock worth $40,281,000 after purchasing an additional 264,952 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Criteo by 13.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,192,422 shares of the information services provider’s stock worth $37,729,000 after purchasing an additional 264,113 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Criteo by 2.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,400,056 shares of the information services provider’s stock worth $26,167,000 after purchasing an additional 37,474 shares in the last quarter. Hedge funds and other institutional investors own 80.83% of the company’s stock.
NASDAQ:CRTO traded down $0.40 during mid-day trading on Thursday, reaching $17.86. The stock had a trading volume of 327,700 shares, compared to its average volume of 503,688. The stock has a market capitalization of $1.16 billion, a PE ratio of 10.89, a P/E/G ratio of 1.87 and a beta of 0.74. Criteo has a 12 month low of $15.90 and a 12 month high of $30.85. The stock has a 50-day simple moving average of $18.64 and a two-hundred day simple moving average of $18.96.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, October 30th. The information services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $221.00 million for the quarter, compared to analyst estimates of $221.76 million. Criteo had a net margin of 3.80% and a return on equity of 11.08%. Criteo’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Sell-side analysts expect that Criteo will post 1.94 earnings per share for the current fiscal year.
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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