Criteo (CRTO) Lifted to Sell at ValuEngine

ValuEngine upgraded shares of Criteo (NASDAQ:CRTO) from a strong sell rating to a sell rating in a research note published on Wednesday.

A number of other analysts have also recently commented on CRTO. BidaskClub cut Criteo from a hold rating to a sell rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded Criteo from a strong sell rating to a hold rating in a research report on Monday, September 24th. DA Davidson started coverage on Criteo in a research report on Monday, October 8th. They issued a neutral rating and a $25.00 price target for the company. Pivotal Research reduced their price target on Criteo from $45.00 to $42.00 and set a buy rating for the company in a research report on Friday, October 12th. Finally, Nomura reduced their price target on Criteo from $30.00 to $25.00 and set a neutral rating for the company in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $31.60.

Criteo stock opened at $23.58 on Wednesday. The firm has a market cap of $1.59 billion, a P/E ratio of 12.89, a PEG ratio of 3.10 and a beta of 1.49. Criteo has a one year low of $19.13 and a one year high of $36.66.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $222.00 million. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. As a group, equities analysts forecast that Criteo will post 1.52 EPS for the current year.

In other Criteo news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was purchased at an average price of $23.42 per share, with a total value of $515,240.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.32% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. Regal Investment Advisors LLC boosted its stake in shares of Criteo by 46.6% in the third quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock worth $214,000 after acquiring an additional 2,968 shares during the period. TD Asset Management Inc. bought a new position in shares of Criteo in the second quarter worth about $249,000. Oppenheimer Asset Management Inc. bought a new position in shares of Criteo in the second quarter worth about $249,000. Mount Yale Investment Advisors LLC boosted its stake in shares of Criteo by 58.9% in the second quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock worth $355,000 after acquiring an additional 4,000 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Criteo in the second quarter worth about $366,000. 81.27% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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