Criteo (CRTO) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Criteo (NASDAQ:CRTO) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France. “

Several other analysts have also recently issued reports on CRTO. Nomura began coverage on shares of Criteo in a research report on Tuesday, July 10th. They set a neutral rating and a $34.00 target price on the stock. Berenberg Bank set a $42.00 target price on shares of Criteo and gave the company a buy rating in a research report on Friday, November 2nd. BidaskClub cut shares of Criteo from a strong-buy rating to a buy rating in a research report on Tuesday, July 17th. BMO Capital Markets decreased their target price on shares of Criteo from $25.00 to $24.00 and set a market perform rating on the stock in a research report on Thursday, November 1st. Finally, MED decreased their target price on shares of Criteo to $38.00 and set a buy rating on the stock in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $31.44.

Shares of NASDAQ CRTO traded down $0.79 during mid-day trading on Monday, hitting $20.62. 10,981 shares of the company’s stock traded hands, compared to its average volume of 517,414. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 2.84 and a beta of 1.48. Criteo has a 1 year low of $19.85 and a 1 year high of $36.86.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, October 31st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The firm had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $222.00 million. Criteo had a net margin of 4.50% and a return on equity of 12.98%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, equities analysts forecast that Criteo will post 1.52 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CRTO. Regal Investment Advisors LLC raised its position in Criteo by 46.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock worth $214,000 after purchasing an additional 2,968 shares during the period. TD Asset Management Inc. purchased a new stake in Criteo in the 2nd quarter worth about $249,000. Oppenheimer Asset Management Inc. purchased a new stake in Criteo in the 2nd quarter worth about $249,000. Mount Yale Investment Advisors LLC raised its position in Criteo by 58.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock worth $355,000 after purchasing an additional 4,000 shares during the period. Finally, Sei Investments Co. purchased a new stake in Criteo in the 2nd quarter worth about $366,000. 86.36% of the stock is currently owned by institutional investors.

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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