Criteo (NASDAQ:CRTO) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Criteo (NASDAQ:CRTO) from a buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

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. “

A number of other research firms have also recently commented on CRTO. BidaskClub cut Criteo from a buy rating to a hold rating in a research note on Saturday, August 10th. Berenberg Bank reissued a buy rating and issued a $34.00 target price on shares of Criteo in a research note on Friday, September 6th. Finally, ValuEngine raised Criteo from a strong sell rating to a sell rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Criteo currently has an average rating of Hold and a consensus target price of $25.15.

CRTO traded up $0.06 during trading on Thursday, reaching $19.02. The stock had a trading volume of 187,816 shares, compared to its average volume of 497,298. The stock has a market cap of $1.25 billion, a PE ratio of 11.68, a PEG ratio of 2.10 and a beta of 0.74. Criteo has a one year low of $16.46 and a one year high of $30.85. The business has a 50-day moving average of $18.87 and a 200-day moving average of $19.19.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, July 31st. The information services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.07. The business had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $222.59 million. Criteo had a return on equity of 10.73% and a net margin of 3.72%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, analysts forecast that Criteo will post 1.74 earnings per share for the current fiscal year.

In other Criteo news, insider Dan Teodosiu sold 26,237 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $19.45, for a total transaction of $510,309.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 26,914 shares of company stock valued at $522,700. Company insiders own 4.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. Aperio Group LLC purchased a new stake in Criteo during the second quarter valued at about $34,000. First Mercantile Trust Co. boosted its position in Criteo by 23.7% during the second quarter. First Mercantile Trust Co. now owns 7,295 shares of the information services provider’s stock valued at $126,000 after buying an additional 1,400 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Criteo by 21.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,612 shares of the information services provider’s stock valued at $148,000 after buying an additional 1,534 shares during the period. Tower Research Capital LLC TRC boosted its position in Criteo by 966.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,099 shares of the information services provider’s stock valued at $157,000 after buying an additional 8,246 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new stake in Criteo during the second quarter valued at about $174,000. Institutional investors and hedge funds own 79.62% of the company’s stock.

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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