DA Davidson Boosts Criteo (NASDAQ:CRTO) Price Target to $13.00

Criteo (NASDAQ:CRTO) had its target price upped by DA Davidson from $11.50 to $13.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the information services provider’s stock.

Several other equities research analysts have also issued reports on the company. ValuEngine lowered Criteo from a hold rating to a sell rating in a research report on Thursday, July 23rd. Societe Generale upgraded shares of Criteo from a hold rating to a buy rating in a report on Sunday, April 19th. BMO Capital Markets cut shares of Criteo from an outperform rating to a market perform rating and dropped their target price for the company from $16.00 to $13.00 in a research note on Wednesday, June 24th. Susquehanna Bancshares reduced their target price on shares of Criteo from $14.00 to $12.00 and set a neutral rating for the company in a research report on Thursday, April 30th. Finally, Nomura Instinet lifted their price target on shares of Criteo from $10.00 to $11.00 and gave the stock a neutral rating in a report on Thursday, April 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $15.07.

Shares of CRTO stock opened at $13.69 on Thursday. The company has a market capitalization of $847.70 million, a price-to-earnings ratio of 10.78 and a beta of 1.24. Criteo has a 52-week low of $5.89 and a 52-week high of $20.76. The company has a 50-day simple moving average of $12.37 and a two-hundred day simple moving average of $11.54.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, July 29th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.14. The company had revenue of $179.90 million during the quarter, compared to analyst estimates of $174.68 million. Criteo had a return on equity of 11.98% and a net margin of 3.87%. Criteo’s quarterly revenue was down 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. As a group, research analysts predict that Criteo will post 1.22 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Criteo by 89.7% in the 1st quarter. FMR LLC now owns 823,009 shares of the information services provider’s stock worth $16,485,000 after purchasing an additional 389,100 shares during the period. Jane Street Group LLC purchased a new position in Criteo during the fourth quarter valued at approximately $340,000. Janus Henderson Group PLC lifted its stake in Criteo by 19.8% in the 4th quarter. Janus Henderson Group PLC now owns 979,840 shares of the information services provider’s stock worth $17,000,000 after purchasing an additional 161,905 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Criteo by 101.8% in the 4th quarter. Geode Capital Management LLC now owns 234,744 shares of the information services provider’s stock valued at $4,068,000 after purchasing an additional 118,413 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Criteo during the 4th quarter valued at $12,287,000. Institutional investors own 80.72% 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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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