Criteo S.A. (CRTO) Downgraded by BidaskClub to “Sell”
BidaskClub cut shares of Criteo S.A. (NASDAQ:CRTO) from a hold rating to a sell rating in a research report released on Saturday morning.
Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of Criteo from $56.00 to $60.00 and gave the company an outperform rating in a research report on Thursday, May 4th. Jefferies Group LLC reissued a buy rating and set a $66.00 price target on shares of Criteo in a research report on Monday, May 15th. Stifel Nicolaus set a $50.00 price target on shares of Criteo and gave the company a hold rating in a research report on Thursday, August 3rd. Cowen and Company reissued an outperform rating and set a $61.00 price target (up from $60.00) on shares of Criteo in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG lifted their price target on shares of Criteo from $64.00 to $65.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Criteo currently has a consensus rating of Hold and an average price target of $55.98.
Criteo (NASDAQ:CRTO) opened at 49.00 on Friday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 46.18 and a beta of 2.71. The stock’s 50 day moving average is $49.83 and its 200 day moving average is $49.46. Criteo has a one year low of $32.83 and a one year high of $56.00.
Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Criteo had a net margin of 3.48% and a return on equity of 14.62%. The company had revenue of $220 million during the quarter, compared to analysts’ expectations of $212.55 million. During the same period last year, the company posted $0.33 EPS. Criteo’s revenue was up 32.5% on a year-over-year basis. On average, analysts predict that Criteo will post $2.46 earnings per share for the current fiscal year.
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In other Criteo news, Director James Warner sold 1,250 shares of Criteo stock in a transaction dated 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 can be accessed through the SEC website. Also, Director Dana L. Evan sold 24,166 shares of Criteo stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $48.90, for a total transaction of $1,181,717.40. The disclosure for this sale can be found here. Insiders sold 630,953 shares of company stock valued at $32,056,184 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Epoch Investment Partners Inc. bought a new stake in shares of Criteo during the first quarter worth approximately $53,424,000. Jericho Capital Asset Management L.P. bought a new stake in shares of Criteo during the first quarter worth approximately $44,883,000. Bank of New York Mellon Corp raised its stake in shares of Criteo by 111.4% in the first quarter. Bank of New York Mellon Corp now owns 1,638,336 shares of the information services provider’s stock worth $81,899,000 after buying an additional 863,485 shares in the last quarter. Sarasin & Partners LLP bought a new stake in shares of Criteo during the second quarter worth approximately $39,876,000. Finally, TD Asset Management Inc. bought a new stake in shares of Criteo during the first quarter worth approximately $29,497,000. 85.03% of the stock is owned by institutional investors and hedge funds.
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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