Criteo (CRTO) Downgraded to Hold at Vertical Group

Criteo (NASDAQ:CRTO) was downgraded by equities researchers at Vertical Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other equities research analysts also recently commented on the company. BidaskClub raised Criteo from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine downgraded Criteo from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Citigroup reaffirmed a “hold” rating and set a $35.00 price target on shares of Criteo in a research note on Friday, March 9th. Zacks Investment Research raised Criteo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $35.00 price target (up previously from $31.00) on shares of Criteo in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.88.

Shares of Criteo traded down $0.52, reaching $29.18, during mid-day trading on Thursday, according to MarketBeat. 795,182 shares of the company’s stock were exchanged, compared to its average volume of 893,243. The firm has a market cap of $1.92 billion, a PE ratio of 17.90 and a beta of 1.86. Criteo has a 52-week low of $21.00 and a 52-week high of $53.79.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, May 2nd. The information services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. Criteo had a net margin of 4.21% and a return on equity of 14.52%. The business had revenue of $240.00 million for the quarter, compared to analyst estimates of $233.08 million. During the same period last year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. analysts expect that Criteo will post 1.54 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in CRTO. California Public Employees Retirement System grew its holdings in Criteo by 4.2% in the 4th quarter. California Public Employees Retirement System now owns 74,710 shares of the information services provider’s stock valued at $1,945,000 after buying an additional 2,985 shares during the period. Capital Fund Management S.A. purchased a new stake in Criteo in the 4th quarter valued at about $2,568,000. Bank of New York Mellon Corp grew its holdings in Criteo by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 143,214 shares of the information services provider’s stock valued at $3,728,000 after buying an additional 9,396 shares during the period. Quadrature Capital Ltd purchased a new stake in Criteo in the 4th quarter valued at about $4,004,000. Finally, PARUS FINANCE UK Ltd grew its holdings in Criteo by 0.5% in 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 buying an additional 2,790 shares during the period. 76.42% of the stock is owned by hedge funds and other 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.

The Fly

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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