Criteo S.A. (NASDAQ:CRTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

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 equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research note on Saturday. Cowen and Company reaffirmed an “outperform” rating and set a $61.00 target price (up from $60.00) on shares of Criteo in a research note on Thursday, August 3rd. Deutsche Bank AG upped their target price on shares of Criteo from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Stifel Nicolaus set a $50.00 target price on shares of Criteo and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets assumed coverage on shares of Criteo in a research note on Tuesday, August 1st. They set an “outperform” rating and a $70.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.98.

Criteo (NASDAQ:CRTO) traded down 0.28% during trading on Tuesday, hitting $49.00. 363,830 shares of the stock were exchanged. Criteo has a 12 month low of $32.83 and a 12 month high of $56.00. The stock has a market cap of $3.02 billion, a P/E ratio of 46.18 and a beta of 2.71. The stock’s 50 day moving average price is $49.83 and its 200 day moving average price is $49.46.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. Criteo had a net margin of 3.48% and a return on equity of 14.62%. The firm had revenue of $220 million for the quarter, compared to the consensus estimate of $212.55 million. During the same period in the prior year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. Analysts forecast that Criteo will post $2.46 EPS for the current fiscal year.

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In other news, Director James Warner sold 1,250 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $46.98, for a total value of $58,725.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Benoit Fouilland sold 12,500 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $50.93, for a total transaction of $636,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 708,798 shares of company stock valued at $36,313,622. Company insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CRTO. Comgest Global Investors S.A.S. increased its position in shares of Criteo by 955.3% in the fourth quarter. Comgest Global Investors S.A.S. now owns 1,827,965 shares of the information services provider’s stock worth $72,387,000 after buying an additional 1,654,745 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Criteo during the third quarter worth $48,004,000. Epoch Investment Partners Inc. acquired a new position in shares of Criteo during the first quarter worth $53,424,000. Westpac Banking Corp acquired a new position in shares of Criteo during the second quarter worth $46,976,000. Finally, Putnam Investments LLC increased its position in shares of Criteo by 488.4% in the fourth quarter. Putnam Investments LLC now owns 1,211,322 shares of the information services provider’s stock worth $49,761,000 after buying an additional 1,005,450 shares in the last quarter. Institutional investors and hedge funds own 85.03% 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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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