Criteo (CRTO) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Criteo (NASDAQ:CRTO) from a buy rating to a hold rating in a report issued on Monday.

According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “

CRTO has been the subject of several other research reports. BidaskClub lowered shares of Criteo from a hold rating to a sell rating in a report on Wednesday, September 12th. DA Davidson started coverage on shares of Criteo in a report on Monday, October 8th. They set a neutral rating and a $25.00 price target for the company. ValuEngine lowered shares of Criteo from a sell rating to a strong sell rating in a research note on Tuesday, July 31st. Jefferies Financial Group reiterated a hold rating and issued a $29.00 price objective on shares of Criteo in a research note on Thursday, August 2nd. Finally, KeyCorp lowered their price objective on shares of Criteo from $42.00 to $40.00 and set an overweight rating for the company in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $31.44.

Shares of CRTO traded down $0.59 during mid-day trading on Monday, reaching $20.29. The company had a trading volume of 26,462 shares, compared to its average volume of 517,414. Criteo has a 1-year low of $19.85 and a 1-year high of $36.66. The company has a market cap of $1.45 billion, a P/E ratio of 12.50, a PEG ratio of 2.84 and a beta of 1.48.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Criteo had a net margin of 4.50% and a return on equity of 12.98%. The business had revenue of $223.00 million for the quarter, compared to the consensus estimate of $222.00 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Criteo will post 1.52 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Fosun International Ltd boosted its holdings in Criteo by 45.6% during the 3rd quarter. Fosun International Ltd now owns 477,721 shares of the information services provider’s stock worth $10,959,000 after acquiring an additional 149,710 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Criteo by 70.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,257,505 shares of the information services provider’s stock worth $74,726,000 after acquiring an additional 1,350,322 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Criteo by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 997,371 shares of the information services provider’s stock worth $22,890,000 after acquiring an additional 12,166 shares during the last quarter. Ruffer LLP purchased a new position in Criteo during the 3rd quarter worth $688,000. Finally, SG Americas Securities LLC boosted its holdings in Criteo by 208.8% during the 3rd quarter. SG Americas Securities LLC now owns 25,708 shares of the information services provider’s stock worth $590,000 after acquiring an additional 17,384 shares during the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.

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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