Criteo (CRTO) Upgraded by BidaskClub to Hold

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BidaskClub upgraded shares of Criteo (NASDAQ:CRTO) from a sell rating to a hold rating in a report issued on Wednesday morning, BidAskClub reports.

Several other brokerages also recently weighed in on CRTO. SunTrust Banks set a $32.00 target price on shares of Criteo and gave the company a buy rating in a research note on Thursday, February 14th. Berenberg Bank reissued a buy rating and issued a $40.00 target price on shares of Criteo in a research note on Thursday, March 7th. ValuEngine downgraded shares of Criteo from a hold rating to a sell rating in a research note on Thursday, February 14th. Zacks Investment Research raised shares of Criteo from a hold rating to a strong-buy rating and set a $24.00 target price for the company in a research note on Friday, May 10th. Finally, Macquarie downgraded shares of Criteo from an outperform rating to a neutral rating and set a $19.54 target price for the company. in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $29.09.

NASDAQ:CRTO opened at $19.50 on Wednesday. The firm has a market cap of $1.29 billion, a PE ratio of 11.89, a PEG ratio of 2.43 and a beta of 1.03. Criteo has a 52-week low of $17.74 and a 52-week high of $36.66.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Tuesday, April 30th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.13. Criteo had a return on equity of 10.75% and a net margin of 3.83%. The business had revenue of $235.69 million during the quarter, compared to the consensus estimate of $234.24 million. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Research analysts forecast that Criteo will post 1.66 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Group LLC grew its holdings in Criteo by 1.6% in the 4th quarter. Renaissance Group LLC now owns 25,644 shares of the information services provider’s stock valued at $583,000 after buying an additional 413 shares during the period. Bell Rock Capital LLC grew its holdings in Criteo by 33.3% in the 1st quarter. Bell Rock Capital LLC now owns 2,000 shares of the information services provider’s stock valued at $40,000 after buying an additional 500 shares during the period. First Republic Investment Management Inc. grew its holdings in Criteo by 3.1% in the 1st quarter. First Republic Investment Management Inc. now owns 17,075 shares of the information services provider’s stock valued at $342,000 after buying an additional 516 shares during the period. Roosevelt Investment Group Inc. grew its holdings in Criteo by 3.9% in the 1st quarter. Roosevelt Investment Group Inc. now owns 28,241 shares of the information services provider’s stock valued at $566,000 after buying an additional 1,073 shares during the period. Finally, Trust Co. of Vermont grew its holdings in Criteo by 30.2% in the 4th quarter. Trust Co. of Vermont now owns 5,509 shares of the information services provider’s stock valued at $125,000 after buying an additional 1,279 shares during the period. Institutional investors own 83.49% of the company’s stock.

About Criteo

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.

See Also: Risk Tolerance

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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