Shares of Criteo SA (NASDAQ:CRTO) have been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $22.82.
Several equities analysts have recently weighed in on the company. Deutsche Bank decreased their price objective on Criteo from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Berenberg Bank restated a “buy” rating and issued a $34.00 price objective on shares of Criteo in a report on Friday, September 6th. BidaskClub upgraded Criteo from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. ValuEngine cut Criteo from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, Zacks Investment Research upgraded Criteo from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, October 29th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. River & Mercantile Asset Management LLP grew its holdings in Criteo by 15.2% during the third quarter. River & Mercantile Asset Management LLP now owns 425,353 shares of the information services provider’s stock worth $7,954,000 after purchasing an additional 56,251 shares during the period. Renaissance Group LLC grew its holdings in Criteo by 5.0% during the third quarter. Renaissance Group LLC now owns 29,414 shares of the information services provider’s stock worth $550,000 after purchasing an additional 1,403 shares during the period. California Public Employees Retirement System grew its holdings in Criteo by 27.1% during the third quarter. California Public Employees Retirement System now owns 141,471 shares of the information services provider’s stock worth $2,644,000 after purchasing an additional 30,183 shares during the period. Rice Hall James & Associates LLC grew its holdings in Criteo by 2.8% during the third quarter. Rice Hall James & Associates LLC now owns 1,400,056 shares of the information services provider’s stock worth $26,167,000 after purchasing an additional 37,474 shares during the period. Finally, Legato Capital Management LLC grew its holdings in Criteo by 15.8% during the third quarter. Legato Capital Management LLC now owns 28,567 shares of the information services provider’s stock worth $522,000 after purchasing an additional 3,900 shares during the period. Institutional investors own 80.83% of the company’s stock.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, October 30th. The information services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.26. The firm had revenue of $221.00 million during the quarter, compared to analysts’ expectations of $221.76 million. Criteo had a return on equity of 11.08% and a net margin of 3.80%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, research analysts anticipate that Criteo will post 1.94 earnings per share for the current fiscal year.
Criteo Company Profile
Criteo SA, a technology company, provides an advertising platform for the open Internet 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 AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.
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