Zacks Research upgraded shares of Criteo (NASDAQ:CRTO – Free Report) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks reports.
A number of other research analysts also recently weighed in on CRTO. Morgan Stanley decreased their target price on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Sanford C. Bernstein cut shares of Criteo from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $35.00 to $20.50 in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Friday, July 17th. Citigroup restated a “buy” rating on shares of Criteo in a research note on Friday, August 14th. Finally, Benchmark reduced their price objective on shares of Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Criteo has a consensus rating of “Hold” and an average price target of $22.65.
Get Our Latest Stock Analysis on Criteo
Criteo Stock Up 1.2%
NASDAQ CRTO opened at $15.39 on Monday. Criteo has a 12-month low of $14.28 and a 12-month high of $25.29. The company has a market capitalization of $754.11 million, a PE ratio of 7.81 and a beta of 0.29. The firm’s 50 day moving average is $16.65 and its 200-day moving average is $18.12.
Criteo (NASDAQ:CRTO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $428.02 million for 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 firm’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, sell-side analysts expect that Criteo will post 2.58 EPS for the current year.
Insiders Place Their Bets
In other news, insider Ryan Damon sold 6,178 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the completion of the sale, the insider owned 167,765 shares of the company’s stock, valued at approximately $2,890,590.95. This represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 15,559 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $268,081.57. Following the completion of the sale, the chief executive officer directly owned 345,547 shares of the company’s stock, valued at approximately $5,953,774.81. The trade was a 4.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 30,725 shares of company stock valued at $529,527 in the last 90 days. 1.52% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Criteo
Several hedge funds and other institutional investors have recently made changes to their positions in CRTO. QRG Capital Management Inc. increased its holdings in Criteo by 15.8% during the second quarter. QRG Capital Management Inc. now owns 54,023 shares of the information services provider’s stock worth $988,000 after buying an additional 7,352 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Criteo during the second quarter worth $36,000. GAMMA Investing LLC lifted its stake in Criteo by 61.1% in the second quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock valued at $63,000 after acquiring an additional 1,314 shares during the last quarter. Parallel Advisors LLC lifted its stake in Criteo by 357.9% in the first quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock valued at $74,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Criteo by 4.6% in 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 acquiring an additional 77,145 shares during the last quarter. 94.27% of the stock is owned by institutional investors.
About Criteo
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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