SunTrust Banks set a $28.00 price target on Criteo (NASDAQ:CRTO) in a report published on Tuesday, The Fly reports. The brokerage currently has a buy rating on the information services provider’s stock.
CRTO has been the subject of a number of other research reports. Zacks Investment Research cut Criteo from a hold rating to a sell rating in a report on Tuesday, October 23rd. BidaskClub cut Criteo from a hold rating to a sell rating in a report on Wednesday, September 12th. DA Davidson initiated coverage on Criteo in a report on Monday, October 8th. They set a neutral rating and a $25.00 price target for the company. ValuEngine cut Criteo from a sell rating to a strong sell rating in a report on Tuesday, July 31st. Finally, Jefferies Financial Group reissued a hold rating and set a $29.00 price target on shares of Criteo in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $31.44.
Shares of Criteo stock traded down $0.68 during trading on Tuesday, reaching $20.20. 960,196 shares of the company’s stock were exchanged, compared to its average volume of 507,092. Criteo has a 1-year low of $19.85 and a 1-year high of $36.66. The stock has a market capitalization of $1.43 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 2.81 and a beta of 1.48.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The company had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $222.00 million. During the same quarter in the previous year, the firm earned $0.65 EPS. Criteo’s revenue was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that Criteo will post 1.52 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CRTO. Regal Investment Advisors LLC increased its holdings in Criteo by 46.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock worth $214,000 after purchasing an additional 2,968 shares in the last quarter. TD Asset Management Inc. acquired a new position in Criteo in the 2nd quarter worth about $249,000. Oppenheimer Asset Management Inc. acquired a new position in Criteo in the 2nd quarter worth about $249,000. Mount Yale Investment Advisors LLC increased its holdings in Criteo by 58.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock worth $355,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in Criteo in the 2nd quarter worth about $366,000. 86.36% of the stock is owned by institutional investors and hedge funds.
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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