BidaskClub upgraded shares of Criteo (NASDAQ:CRTO) from a sell rating to a hold rating in a research report sent to investors on Thursday, September 20th.

CRTO has been the subject of several other reports. ValuEngine upgraded shares of Criteo from a strong sell rating to a sell rating in a research report on Tuesday, July 10th. KeyCorp lowered their price target on shares of Criteo from $50.00 to $42.00 and set an overweight rating on the stock in a report on Thursday, August 2nd. Nomura initiated coverage on shares of Criteo in a report on Tuesday, July 10th. They set a neutral rating and a $34.00 price target on the stock. Cowen reaffirmed a hold rating and set a $28.00 price target on shares of Criteo in a report on Thursday, August 2nd. Finally, Pivotal Research reaffirmed a buy rating and set a $45.00 price target on shares of Criteo in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Criteo presently has an average rating of Hold and an average target price of $37.06.

NASDAQ CRTO traded up $0.70 during trading hours on Thursday, hitting $22.33. 359,185 shares of the company’s stock traded hands, compared to its average volume of 919,014. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 13.70 and a beta of 1.65. Criteo has a 52 week low of $20.93 and a 52 week high of $47.57.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. The company had revenue of $230.00 million during the quarter, compared to analyst estimates of $229.33 million. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Analysts predict that Criteo will post 1.45 EPS for the current fiscal year.

In other news, COO Mary Spilman sold 3,815 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $33.74, for a total value of $128,718.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.32% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in shares of Criteo by 1.2% in the first quarter. KBC Group NV now owns 164,190 shares of the information services provider’s stock worth $4,243,000 after buying an additional 2,012 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Criteo by 26.5% in the second quarter. First Republic Investment Management Inc. now owns 15,035 shares of the information services provider’s stock worth $494,000 after buying an additional 3,152 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of Criteo by 58.9% in the second quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock worth $355,000 after buying an additional 4,000 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Criteo by 10.3% in the second quarter. Northern Trust Corp now owns 44,037 shares of the information services provider’s stock worth $1,447,000 after buying an additional 4,120 shares in the last quarter. Finally, Aurora Investment Counsel lifted its holdings in shares of Criteo by 6.7% in the second quarter. Aurora Investment Counsel now owns 78,583 shares of the information services provider’s stock worth $2,581,000 after buying an additional 4,935 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

About Criteo

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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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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