Criteo (NASDAQ:CRTO) Stock Rating Reaffirmed by Citigroup

Criteo (NASDAQ:CRTO)‘s stock had its “hold” rating reissued by equities research analysts at Citigroup in a research report issued on Friday, March 9th. They currently have a $35.00 price target on the information services provider’s stock. Citigroup’s price objective would indicate a potential upside of 38.23% from the company’s previous close.

A number of other equities analysts also recently commented on CRTO. BidaskClub downgraded Criteo from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. KeyCorp upgraded Criteo from a “sector weight” rating to an “overweight” rating in a report on Wednesday, February 14th. BMO Capital Markets downgraded Criteo from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $30.00 to $26.00 in a report on Tuesday, January 23rd. Berenberg Bank reissued a “buy” rating and issued a $63.00 target price on shares of Criteo in a research note on Friday, November 10th. Finally, Zacks Investment Research raised Criteo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Criteo presently has a consensus rating of “Hold” and an average target price of $42.88.

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Criteo stock traded down $0.52 during midday trading on Friday, reaching $25.32. The stock had a trading volume of 875,987 shares, compared to its average volume of 871,572. Criteo has a 12 month low of $21.00 and a 12 month high of $56.00. The stock has a market capitalization of $1,705.26, a P/E ratio of 15.53, a P/E/G ratio of 0.85 and a beta of 1.89.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 14th. The information services provider reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.47. Criteo had a return on equity of 15.34% and a net margin of 3.97%. The company had revenue of $277.00 million during the quarter, compared to analyst estimates of $262.02 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Criteo’s revenue was up 23.1% on a year-over-year basis. research analysts predict that Criteo will post 1.53 earnings per share for the current fiscal year.

In other news, CEO Eric Eichmann sold 7,153 shares of Criteo stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $24.87, for a total value of $177,895.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of Criteo stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total value of $31,247.58. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in Criteo by 3.2% during the 2nd quarter. State Street Corp now owns 26,727 shares of the information services provider’s stock valued at $1,311,000 after purchasing an additional 820 shares in the last quarter. First Republic Investment Management Inc. raised its position in Criteo by 18.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 11,284 shares of the information services provider’s stock valued at $468,000 after purchasing an additional 1,762 shares in the last quarter. Synovus Financial Corp raised its position in Criteo by 13.4% during the 3rd quarter. Synovus Financial Corp now owns 16,548 shares of the information services provider’s stock valued at $682,000 after purchasing an additional 1,960 shares in the last quarter. PARUS FINANCE UK Ltd raised its position in Criteo by 0.5% during the 4th quarter. PARUS FINANCE UK Ltd now owns 551,915 shares of the information services provider’s stock valued at $14,366,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Janney Capital Management LLC raised its position in Criteo by 46.2% during the 3rd quarter. Janney Capital Management LLC now owns 8,840 shares of the information services provider’s stock valued at $366,000 after purchasing an additional 2,794 shares in the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

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About Criteo

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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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