Shares of Criteo S.A. (NASDAQ:CRTO – Get Free Report) have received an average rating of “Hold” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.65.
Several research analysts have weighed in on the stock. Sanford C. Bernstein lowered shares of Criteo from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $35.00 to $20.50 in a report on Thursday, August 6th. BMO Capital Markets set a $20.00 target price on shares of Criteo in a research note on Thursday, August 6th. Wedbush cut their target price on shares of Criteo from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Citigroup reaffirmed a “buy” rating on shares of Criteo in a research report on Friday, August 14th. Finally, Morgan Stanley decreased their price target on Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th.
Read Our Latest Research Report on Criteo
Insider Activity at Criteo
Institutional Investors Weigh In On Criteo
Several institutional investors and hedge funds have recently made changes to their positions in CRTO. Senvest Management LLC boosted its holdings in Criteo by 4.5% in the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock worth $82,430,000 after purchasing an additional 200,000 shares during the period. Janus Henderson Group PLC increased its stake in Criteo by 4.6% during the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after purchasing an additional 77,145 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Criteo by 10.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock valued at $17,484,000 after purchasing an additional 94,389 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Criteo by 47.2% during the first quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock worth $4,411,000 after purchasing an additional 78,834 shares during the period. Finally, Waterfront Wealth Inc. raised its holdings in shares of Criteo by 47.4% during the first quarter. Waterfront Wealth Inc. now owns 208,923 shares of the information services provider’s stock worth $3,746,000 after purchasing an additional 67,157 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.
Criteo Trading Up 2.9%
CRTO stock opened at $15.73 on Tuesday. Criteo has a twelve month low of $14.28 and a twelve month high of $25.29. The company has a market capitalization of $770.77 million, a P/E ratio of 7.98 and a beta of 0.29. The firm has a 50 day simple moving average of $17.15 and a 200-day simple moving average of $18.23.
Criteo (NASDAQ:CRTO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The business’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, research analysts predict that Criteo will post 2.58 EPS for the current year.
Criteo Company Profile
Criteo SA is a global commerce media company headquartered in Paris, France. The company provides technology that helps advertisers, retailers and publishers connect with consumers and measure the impact of digital marketing campaigns across the commerce journey.
Criteo’s platform supports retail media and performance marketing activities, including sponsored product placements, display and video advertising, audience activation, customer acquisition and campaign measurement. Its solutions are designed to use commerce data and artificial intelligence to help brands reach relevant audiences, while enabling retailers and publishers to generate advertising revenue.
Founded in 2005 by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli, Criteo serves clients across North America, Europe, Asia-Pacific and other international markets.
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