Criteo S.A. (NASDAQ:CRTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, August 8th.
According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “
Several other research analysts have also weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of Criteo in a research note on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $60.00 price objective on shares of Criteo in a research note on Thursday, June 22nd. BMO Capital Markets began coverage on shares of Criteo in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $70.00 price objective on the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Criteo in a research note on Monday, April 24th. Finally, BidaskClub lowered shares of Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Criteo currently has a consensus rating of “Hold” and a consensus price target of $55.98.
Criteo (NASDAQ:CRTO) traded down 1.53% during mid-day trading on Tuesday, reaching $48.40. 380,744 shares of the company’s stock traded hands. The company has a 50-day moving average of $50.22 and a 200-day moving average of $49.82. Criteo has a 52-week low of $32.83 and a 52-week high of $56.00.
Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The business had revenue of $220 million for the quarter, compared to analyst estimates of $212.55 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 32.5% compared to the same quarter last year. Analysts predict that Criteo will post $2.43 EPS for the current year.
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In other Criteo news, CFO Benoit Fouilland sold 12,500 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $50.93, for a total value of $636,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean-Baptiste Rudelle sold 150,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $51.69, for a total transaction of $7,753,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 649,537 shares of company stock valued at $32,984,779. 5.60% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of Criteo by 2.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,168 shares of the information services provider’s stock worth $358,000 after buying an additional 146 shares during the period. Level Four Advisory Services LLC increased its stake in shares of Criteo by 3.5% in the first quarter. Level Four Advisory Services LLC now owns 10,535 shares of the information services provider’s stock worth $534,000 after buying an additional 361 shares during the period. Shaker Investments LLC OH increased its stake in shares of Criteo by 0.6% in the first quarter. Shaker Investments LLC OH now owns 84,495 shares of the information services provider’s stock worth $4,224,000 after buying an additional 485 shares during the period. Majedie Asset Management Ltd increased its stake in shares of Criteo by 0.4% in the second quarter. Majedie Asset Management Ltd now owns 121,652 shares of the information services provider’s stock worth $5,967,000 after buying an additional 489 shares during the period. Finally, Tdam USA Inc. increased its stake in shares of Criteo by 3.0% in the second quarter. Tdam USA Inc. now owns 18,981 shares of the information services provider’s stock worth $931,000 after buying an additional 545 shares during the period. 84.51% of the stock is owned by hedge funds and other institutional investors.
Criteo Company Profile
Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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