Rosenblatt Securities restated their hold rating on shares of Criteo (NASDAQ:CRTO) in a report issued on Tuesday morning, BenzingaRatingsTable reports. Rosenblatt Securities currently has a $16.00 target price on the information services provider’s stock, down from their prior target price of $20.00.
Other research analysts also recently issued reports about the stock. ValuEngine raised shares of Criteo from a sell rating to a hold rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. downgraded shares of Criteo from a neutral rating to an underweight rating and decreased their price target for the stock from $24.00 to $16.00 in a research note on Thursday, October 31st. Deutsche Bank decreased their price target on shares of Criteo from $32.00 to $26.00 and set a buy rating on the stock in a research note on Thursday, October 31st. Zacks Investment Research raised shares of Criteo from a hold rating to a buy rating and set a $23.00 price target on the stock in a research note on Tuesday, October 29th. Finally, BidaskClub downgraded shares of Criteo from a buy rating to a hold rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $20.32.
CRTO stock opened at $13.88 on Tuesday. The company has a market capitalization of $889.40 million, a PE ratio of 10.68 and a beta of 0.69. Criteo has a one year low of $13.15 and a one year high of $28.50. The company’s 50 day moving average price is $15.79 and its two-hundred day moving average price is $17.75.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Tuesday, February 11th. The information services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.91 by $0.17. The firm had revenue of $266.25 million for the quarter, compared to the consensus estimate of $258.30 million. Criteo had a net margin of 3.80% and a return on equity of 11.08%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. As a group, equities analysts forecast that Criteo will post 1.93 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. DNB Asset Management AS increased its stake in shares of Criteo by 71.1% in the fourth quarter. DNB Asset Management AS now owns 4,899,261 shares of the information services provider’s stock worth $84,904,000 after buying an additional 2,035,882 shares during the period. Stifel Financial Corp boosted its holdings in Criteo by 21.4% in the third quarter. Stifel Financial Corp now owns 15,832 shares of the information services provider’s stock valued at $296,000 after acquiring an additional 2,794 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Criteo by 27.1% in the third quarter. California Public Employees Retirement System now owns 141,471 shares of the information services provider’s stock valued at $2,644,000 after acquiring an additional 30,183 shares in the last quarter. Quantum Capital Management bought a new stake in Criteo in the third quarter valued at $114,000. Finally, Legato Capital Management LLC boosted its holdings in Criteo by 15.8% in the third quarter. Legato Capital Management LLC now owns 28,567 shares of the information services provider’s stock valued at $522,000 after acquiring an additional 3,900 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.
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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