Criteo (NASDAQ:CRTO) Raised to Buy at BidaskClub

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BidaskClub upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a buy rating in a research note published on Saturday, BidAskClub reports.

A number of other research analysts have also commented on CRTO. SunTrust Banks upgraded shares of Criteo from a hold rating to a buy rating in a research note on Wednesday, May 8th. Rosenblatt Securities restated a hold rating and issued a $23.00 price objective on shares of Criteo in a research note on Friday, May 3rd. BMO Capital Markets lowered their target price on shares of Criteo from $26.00 to $21.00 and set a market perform rating on the stock in a report on Wednesday, May 1st. They noted that the move was a valuation call. ValuEngine raised shares of Criteo from a strong sell rating to a sell rating in a report on Friday, April 26th. Finally, Macquarie downgraded shares of Criteo from an outperform rating to a neutral rating and set a $19.54 target price on the stock. in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $26.96.

NASDAQ CRTO opened at $19.62 on Friday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 2.40 and a beta of 0.89. Criteo has a one year low of $16.46 and a one year high of $30.85. The company has a fifty day simple moving average of $18.19.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, July 31st. The information services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $224.00 million for the quarter, compared to analyst estimates of $222.59 million. Criteo had a net margin of 3.72% and a return on equity of 10.84%. Criteo’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, analysts expect that Criteo will post 1.66 EPS for the current fiscal year.

In other news, COO Mary Spilman sold 1,567 shares of Criteo stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $17.05, for a total value of $26,717.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 2,447 shares of company stock worth $42,570. Insiders own 4.01% of the company’s stock.

Several large investors have recently modified their holdings of CRTO. Aperio Group LLC purchased a new stake in Criteo during the second quarter worth about $34,000. Bell Rock Capital LLC boosted its holdings in Criteo by 33.3% during the first quarter. Bell Rock Capital LLC now owns 2,000 shares of the information services provider’s stock worth $40,000 after buying an additional 500 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Criteo during the first quarter worth about $63,000. First Mercantile Trust Co. boosted its holdings in Criteo by 40.3% during the first quarter. First Mercantile Trust Co. now owns 5,895 shares of the information services provider’s stock worth $118,000 after buying an additional 1,692 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in Criteo during the first quarter worth about $131,000. 83.39% of the stock is currently owned by institutional investors and hedge funds.

Criteo Company Profile

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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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