BidaskClub upgraded shares of Criteo (NASDAQ:CRTO) from a sell rating to a hold rating in a report published on Thursday morning.

Other equities analysts have also issued research reports about the stock. Pivotal Research restated a buy rating and set a $45.00 price target on shares of Criteo in a research report on Wednesday, August 1st. MED lowered their price target on shares of Criteo to $38.00 and set a buy rating for the company in a research report on Thursday, August 2nd. Cowen restated a hold rating and set a $28.00 price target on shares of Criteo in a research report on Thursday, August 2nd. SunTrust Banks restated a buy rating and set a $39.00 price target on shares of Criteo in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Finally, KeyCorp lowered their price target on shares of Criteo from $50.00 to $42.00 and set an overweight rating for the company in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Criteo presently has an average rating of Hold and an average target price of $31.44.

Shares of Criteo stock traded up $0.08 during trading on Thursday, hitting $22.01. 1,154,333 shares of the stock were exchanged, compared to its average volume of 623,967. The firm has a market capitalization of $1.48 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.89 and a beta of 1.48. Criteo has a 12 month low of $19.13 and a 12 month high of $36.66.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The business had revenue of $223.00 million during the quarter, compared to analyst estimates of $222.00 million. Criteo had a net margin of 4.50% and a return on equity of 12.98%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, research analysts expect that Criteo will post 1.52 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in CRTO. Bank of New York Mellon Corp grew its position in Criteo by 1,231.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,907,183 shares of the information services provider’s stock valued at $62,652,000 after buying an additional 1,763,968 shares in the last quarter. Neuberger Berman Group LLC bought a new position in Criteo in the 3rd quarter valued at about $16,608,000. FMR LLC grew its position in Criteo by 81.3% in the 2nd quarter. FMR LLC now owns 1,502,700 shares of the information services provider’s stock valued at $49,364,000 after buying an additional 673,700 shares in the last quarter. Acadian Asset Management LLC grew its position in Criteo by 168.7% in the 3rd quarter. Acadian Asset Management LLC now owns 584,629 shares of the information services provider’s stock valued at $13,411,000 after buying an additional 367,081 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Criteo by 17,943.3% in the 2nd quarter. Wells Fargo & Company MN now owns 335,606 shares of the information services provider’s stock valued at $11,024,000 after buying an additional 333,746 shares in the last quarter. Hedge funds and other institutional investors own 84.50% of the company’s stock.

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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