BidaskClub Downgrades Criteo (NASDAQ:CRTO) to Sell

BidaskClub downgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Several other equities research analysts have also commented on CRTO. Rosenblatt Securities boosted their price target on shares of Criteo from $9.00 to $12.00 and gave the stock a neutral rating in a report on Tuesday, August 18th. BMO Capital Markets lowered shares of Criteo from an outperform rating to a market perform rating and cut their price target for the stock from $16.00 to $13.00 in a report on Wednesday, June 24th. ValuEngine raised shares of Criteo from a sell rating to a hold rating in a report on Saturday, August 1st. DA Davidson boosted their price target on shares of Criteo from $11.50 to $13.00 and gave the stock a neutral rating in a report on Thursday, July 30th. Finally, Morgan Stanley boosted their price target on shares of Criteo from $7.30 to $13.00 and gave the stock an equal weight rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Criteo has an average rating of Hold and an average target price of $13.43.

CRTO opened at $12.91 on Friday. The firm has a fifty day moving average price of $12.49 and a 200 day moving average price of $11.79. Criteo has a 1 year low of $5.89 and a 1 year high of $20.76. The stock has a market cap of $799.40 million, a P/E ratio of 10.17 and a beta of 1.13.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, July 29th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.14. Criteo had a net margin of 3.87% and a return on equity of 11.96%. The firm had revenue of $179.90 million during the quarter, compared to analysts’ expectations of $174.68 million. During the same period in the previous year, the business posted $0.47 EPS. The business’s revenue was down 19.7% compared to the same quarter last year. Analysts forecast that Criteo will post 1.12 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris LLC purchased a new stake in shares of Criteo in the third quarter valued at about $909,000. Envestnet Asset Management Inc. grew its holdings in shares of Criteo by 7.0% in the third quarter. Envestnet Asset Management Inc. now owns 141,608 shares of the information services provider’s stock valued at $1,726,000 after purchasing an additional 9,308 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Criteo by 34.4% in the second quarter. Neuberger Berman Group LLC now owns 5,357,170 shares of the information services provider’s stock valued at $61,012,000 after purchasing an additional 1,371,153 shares during the period. FMR LLC grew its holdings in shares of Criteo by 7.4% in the second quarter. FMR LLC now owns 505,000 shares of the information services provider’s stock valued at $5,752,000 after purchasing an additional 34,900 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Criteo by 13.0% in the second quarter. Sei Investments Co. now owns 57,402 shares of the information services provider’s stock valued at $651,000 after purchasing an additional 6,611 shares during the period. 77.83% of the stock is owned by hedge funds and other institutional investors.

About Criteo

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, recommendation, and 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.

Further Reading: Cost of Equity For A Business, Investors

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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