Criteo (NASDAQ:CRTO) was upgraded by investment analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Several other equities research analysts have also issued reports on CRTO. Rosenblatt Securities reissued a “neutral” rating and issued a $23.00 price objective (down previously from $35.00) on shares of Criteo in a research report on Tuesday, March 26th. ValuEngine upgraded shares of Criteo from a “strong sell” rating to a “sell” rating in a research note on Friday, April 26th. Berenberg Bank reiterated a “buy” rating and set a $40.00 price objective on shares of Criteo in a research note on Thursday, March 7th. BidaskClub downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, Macquarie downgraded shares of Criteo from an “outperform” rating to a “neutral” rating and set a $19.54 price objective on the stock. in a research note on Wednesday, May 1st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.21.

CRTO stock traded up $1.04 on Wednesday, hitting $20.18. 400,458 shares of the company were exchanged, compared to its average volume of 596,419. Criteo has a twelve month low of $17.74 and a twelve month high of $36.66. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Tuesday, April 30th. The information services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.21 by $0.13. Criteo had a net margin of 3.83% and a return on equity of 10.79%. The firm had revenue of $235.69 million during the quarter, compared to analyst estimates of $234.24 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. Criteo’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Criteo will post 1.4 earnings per share for the current fiscal year.

In other news, CTO Dan Teodosiu sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $27.20, for a total transaction of $272,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.01% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bell Rock Capital LLC acquired a new position in shares of Criteo in the fourth quarter worth about $34,000. Quantamental Technologies LLC acquired a new position in shares of Criteo in the first quarter worth about $63,000. First Mercantile Trust Co. acquired a new position in shares of Criteo in the fourth quarter worth about $95,000. Trust Co. of Vermont boosted its holdings in shares of Criteo by 30.2% in the fourth quarter. Trust Co. of Vermont now owns 5,509 shares of the information services provider’s stock worth $125,000 after buying an additional 1,279 shares during the period. Finally, Systematic Financial Management LP acquired a new position in shares of Criteo in the first quarter worth about $131,000. Institutional investors own 82.39% of the company’s stock.

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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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