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

CRTO has been the topic of several other reports. ValuEngine upgraded Criteo from a strong sell rating to a sell rating in a research note on Tuesday, July 10th. KeyCorp lowered their price objective on Criteo from $50.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, August 2nd. Nomura assumed coverage on Criteo in a research note on Tuesday, July 10th. They issued a neutral rating and a $34.00 price objective on the stock. Cowen reiterated a hold rating and issued a $28.00 price objective on shares of Criteo in a research note on Thursday, August 2nd. Finally, Pivotal Research reiterated a buy rating and issued a $45.00 price objective on shares of Criteo in a research note on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Criteo currently has an average rating of Hold and an average target price of $39.89.

CRTO stock opened at $23.83 on Thursday. Criteo has a 1-year low of $21.00 and a 1-year high of $47.57. The company has a market capitalization of $1.58 billion, a PE ratio of 12.68 and a beta of 1.64.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. Criteo had a return on equity of 14.05% and a net margin of 4.55%. The company had revenue of $230.00 million for the quarter, compared to analyst estimates of $229.33 million. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts predict that Criteo will post 1.45 earnings per share for the current year.

In related news, COO Mary Spilman sold 7,165 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $26.71, for a total transaction of $191,377.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.32% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC bought a new stake in Criteo during the 1st quarter worth approximately $176,000. TD Asset Management Inc. acquired a new position in Criteo during the 2nd quarter worth $249,000. Oppenheimer Asset Management Inc. acquired a new position in Criteo during the 2nd quarter worth $249,000. Sei Investments Co. acquired a new position in Criteo during the 2nd quarter worth $366,000. Finally, BlackRock Inc. lifted its holdings in Criteo by 100.2% during the 2nd quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock worth $469,000 after buying an additional 7,141 shares in the last quarter. Institutional investors and hedge funds own 86.38% 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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