Criteo S.A. (NASDAQ:CRTO) was downgraded by equities research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Several other research firms have also issued reports on CRTO. Cowen and Company reissued a “buy” rating and set a $60.00 price objective on shares of Criteo in a research note on Friday, July 28th. KeyCorp began coverage on Criteo in a research note on Monday, July 31st. They set an “overweight” rating and a $62.00 price objective for the company. Deutsche Bank AG lifted their price objective on Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Stifel Nicolaus set a $50.00 price objective on Criteo and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Criteo in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $54.32.

Criteo (NASDAQ CRTO) traded up $0.78 during trading hours on Thursday, reaching $37.67. The company had a trading volume of 1,250,000 shares, compared to its average volume of 984,327. The company has a market capitalization of $2,294.22, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 1.10 and a beta of 2.64. Criteo has a 12 month low of $36.63 and a 12 month high of $56.00.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating 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 14.93% and a net margin of 3.54%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. research analysts anticipate that Criteo will post 1.71 EPS for the current year.

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In other news, CRO Mary Spilman sold 20,000 shares of Criteo stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $49.50, for a total value of $990,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Benoit Fouilland sold 6,250 shares of Criteo stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $46.02, for a total value of $287,625.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,075 shares of company stock valued at $10,426,240. Corporate insiders own 5.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Criteo by 392.0% in the third quarter. BNP Paribas Arbitrage SA now owns 73,974 shares of the information services provider’s stock worth $3,070,000 after buying an additional 58,939 shares during the period. Jennison Associates LLC increased its holdings in shares of Criteo by 5.3% in the third quarter. Jennison Associates LLC now owns 806,722 shares of the information services provider’s stock worth $33,479,000 after buying an additional 40,422 shares during the period. Westpac Banking Corp purchased a new position in shares of Criteo in the third quarter worth about $841,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Criteo by 11.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,353,960 shares of the information services provider’s stock worth $97,689,000 after buying an additional 233,940 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Criteo by 101.6% in the third quarter. Pictet Asset Management Ltd. now owns 642,920 shares of the information services provider’s stock worth $26,681,000 after buying an additional 323,936 shares during the period. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Criteo Company Profile

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)

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