Criteo SA (CRTO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Criteo SA (NASDAQ:CRTO) have earned an average recommendation of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.28.

A number of brokerages have issued reports on CRTO. Berenberg Bank set a $40.00 price objective on shares of Criteo and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Zacks Investment Research raised shares of Criteo from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Monday, December 10th. BidaskClub raised shares of Criteo from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. ValuEngine raised shares of Criteo from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, Goldman Sachs Group lowered shares of Criteo from a “neutral” rating to a “sell” rating and cut their target price for the stock from $24.00 to $20.00 in a report on Friday, January 4th.

In other Criteo news, CTO Dan Teodosiu sold 10,000 shares of Criteo stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $27.20, for a total value of $272,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 11,373 shares of company stock worth $307,931 over the last quarter. Company insiders own 3.32% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bell Rock Capital LLC acquired a new position in shares of Criteo in the 4th quarter valued at approximately $34,000. First Mercantile Trust Co. bought a new stake in shares of Criteo in the 4th quarter valued at $95,000. Trust Co. of Vermont boosted its stake in shares of 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 purchasing an additional 1,279 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Criteo in the 4th quarter valued at $161,000. Finally, Cutler Group LP boosted its stake in shares of Criteo by 121.6% in the 4th quarter. Cutler Group LP now owns 7,979 shares of the information services provider’s stock valued at $181,000 after purchasing an additional 44,979 shares during the last quarter. 80.81% of the stock is owned by institutional investors.

CRTO stock traded down $0.07 during mid-day trading on Wednesday, reaching $19.96. 8,677 shares of the stock traded hands, compared to its average volume of 741,149. Criteo has a 52 week low of $17.74 and a 52 week high of $36.66. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 2.78 and a beta of 1.06.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 13th. The information services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.11. Criteo had a net margin of 3.85% and a return on equity of 10.90%. The company had revenue of $271.86 million during the quarter, compared to analyst estimates of $260.44 million. During the same quarter last year, the business posted $1.21 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that Criteo will post 1.44 earnings per share for the current fiscal year.

Criteo Company Profile

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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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