Criteo S.A. (NASDAQ:CRTO) had its price objective decreased by Deutsche Bank AG to $58.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the information services provider’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 38.86% from the stock’s current price.

Several other research analysts have also commented on the company. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price target on shares of Criteo in a research report on Wednesday, September 13th. KeyCorp reiterated a “buy” rating and issued a $62.00 price target on shares of Criteo in a research report on Friday, September 15th. Macquarie started coverage on Criteo in a research report on Thursday, October 12th. They issued a “neutral” rating and a $51.00 price target for the company. Zacks Investment Research lowered Criteo from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Finally, Cowen and Company reiterated a “buy” rating and issued a $60.00 price target on shares of Criteo in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Criteo has an average rating of “Hold” and a consensus price target of $54.32.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The company had revenue of $220.00 million during the quarter, compared to analyst estimates of $212.55 million. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The firm’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/criteo-s-a-crto-pt-lowered-to-58-00/1673516.html.

In other news, Director James Warner sold 1,250 shares of Criteo stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $51.49, for a total transaction of $64,362.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Mary Spilman sold 20,000 shares of Criteo stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $49.50, for a total transaction of $990,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 207,098 shares of company stock valued at $9,926,560. 5.60% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Criteo by 1.2% during the second quarter. FMR LLC now owns 6,475,439 shares of the information services provider’s stock valued at $317,620,000 after acquiring an additional 76,439 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Criteo by 11.0% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,353,960 shares of the information services provider’s stock valued at $97,689,000 after acquiring an additional 233,940 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Criteo by 81.3% during the second quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock valued at $95,027,000 after acquiring an additional 868,634 shares in the last quarter. Comgest Global Investors S.A.S. raised its stake in shares of Criteo by 1.8% during the second quarter. Comgest Global Investors S.A.S. now owns 1,930,692 shares of the information services provider’s stock valued at $94,700,000 after acquiring an additional 34,500 shares in the last quarter. Finally, Carmignac Gestion raised its stake in shares of Criteo by 1.1% during the second quarter. Carmignac Gestion now owns 1,788,456 shares of the information services provider’s stock valued at $87,724,000 after acquiring an additional 19,316 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

About Criteo

Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

Receive News & Ratings for Criteo S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.