Criteo (CRTO) Upgraded to “Hold” at BidaskClub

Criteo (NASDAQ:CRTO) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

Other equities analysts have also recently issued reports about the company. Citigroup cut Criteo from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Friday, December 15th. Morgan Stanley reissued an “equal weight” rating and issued a $35.00 price target (up from $31.00) on shares of Criteo in a report on Wednesday, February 21st. Stifel Nicolaus reissued a “hold” rating and issued a $28.00 price target (up from $26.00) on shares of Criteo in a report on Thursday, February 15th. JPMorgan Chase boosted their price target on Criteo from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Cowen reissued a “hold” rating and issued a $29.00 price target on shares of Criteo in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $42.88.

NASDAQ CRTO opened at $27.70 on Friday. Criteo has a fifty-two week low of $21.00 and a fifty-two week high of $56.00. The firm has a market capitalization of $1,821.41, a PE ratio of 16.99, a P/E/G ratio of 0.90 and a beta of 1.89.



Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 14th. The information services provider reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.47. Criteo had a return on equity of 15.34% and a net margin of 3.97%. The company had revenue of $277.00 million during the quarter, compared to analysts’ expectations of $262.02 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. equities research analysts anticipate that Criteo will post 1.53 EPS for the current year.

In related news, insider Jean-Baptiste Rudelle sold 1,261 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total value of $31,247.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric Eichmann sold 7,153 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $24.87, for a total value of $177,895.11. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Asset Management Company LTD grew its position in Criteo by 2.2% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,405,330 shares of the information services provider’s stock valued at $62,610,000 after acquiring an additional 51,370 shares during the period. International Value Advisers LLC purchased a new stake in Criteo during the fourth quarter valued at about $43,764,000. Deutsche Bank AG grew its position in Criteo by 100.8% during the fourth quarter. Deutsche Bank AG now owns 1,421,163 shares of the information services provider’s stock valued at $36,992,000 after acquiring an additional 713,257 shares during the period. Janus Henderson Group PLC grew its position in Criteo by 23.9% during the third quarter. Janus Henderson Group PLC now owns 1,358,335 shares of the information services provider’s stock valued at $56,364,000 after acquiring an additional 261,940 shares during the period. Finally, First Manhattan Co. grew its position in Criteo by 1,519.8% during the fourth quarter. First Manhattan Co. now owns 1,027,304 shares of the information services provider’s stock valued at $26,740,000 after acquiring an additional 963,881 shares during the period. 72.77% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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