Criteo (NASDAQ:CRTO) had its price objective reduced by MED to $38.00 in a research report sent to investors on Thursday, August 2nd, The Fly reports. They currently have a buy rating on the information services provider’s stock.
A number of other analysts also recently commented on the company. ValuEngine downgraded Criteo from a sell rating to a strong sell rating in a research note on Tuesday, July 31st. Citigroup increased their target price on Criteo from $31.00 to $38.00 and gave the company a neutral rating in a report on Monday, July 9th. BidaskClub cut Criteo from a hold rating to a sell rating in a report on Friday, June 1st. Raymond James raised Criteo from a market perform rating to an outperform rating in a report on Monday, June 25th. They noted that the move was a valuation call. Finally, Pivotal Research assumed coverage on Criteo in a report on Monday, July 9th. They set a buy rating and a $48.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $39.89.
Criteo traded down $1.04, reaching $26.57, on Thursday, according to MarketBeat.com. 561,917 shares of the stock traded hands, compared to its average volume of 1,548,745. The firm has a market cap of $1.83 billion, a PE ratio of 16.30 and a beta of 1.78. Criteo has a 12 month low of $21.00 and a 12 month high of $51.50.
Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.14. Criteo had a return on equity of 14.05% and a net margin of 4.55%. The business had revenue of $230.00 million during the quarter, compared to analyst estimates of $229.33 million. During the same period in the previous year, the company posted $0.39 EPS. Criteo’s revenue was up 4.5% on a year-over-year basis. equities research analysts anticipate that Criteo will post 1.43 earnings per share for the current year.
In related news, COO Mary Spilman sold 7,165 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $26.71, for a total value of $191,377.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.32% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. KBC Group NV grew its holdings in shares of Criteo by 1.2% during the first quarter. KBC Group NV now owns 164,190 shares of the information services provider’s stock worth $4,243,000 after buying an additional 2,012 shares during the last quarter. Aurora Investment Counsel grew its holdings in shares of Criteo by 6.7% during the second quarter. Aurora Investment Counsel now owns 78,583 shares of the information services provider’s stock worth $2,581,000 after buying an additional 4,935 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Criteo by 12.6% during the first quarter. Summit Trail Advisors LLC now owns 45,016 shares of the information services provider’s stock worth $931,000 after buying an additional 5,049 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Criteo by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 44,502 shares of the information services provider’s stock worth $1,157,000 after buying an additional 5,588 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Criteo during the first quarter worth about $176,000. Institutional investors own 78.10% 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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