Zacks Investment Research upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a buy rating in a report released on Tuesday morning. Zacks Investment Research currently has $25.00 target price on the information services provider’s stock.

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. “

A number of other equities research analysts have also commented on the company. ValuEngine lowered Criteo from a sell rating to a strong sell rating in a research report on Tuesday, July 31st. BidaskClub upgraded Criteo from a sell rating to a hold rating in a report on Thursday, September 20th. Pivotal Research reduced their price target on Criteo from $45.00 to $42.00 and set a buy rating for the company in a report on Friday, October 12th. Citigroup lifted their price target on Criteo from $31.00 to $38.00 and gave the company a neutral rating in a report on Monday, July 9th. Finally, DA Davidson started coverage on Criteo in a report on Monday, October 8th. They set a neutral rating and a $25.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $31.44.

NASDAQ CRTO traded down $0.68 during trading on Tuesday, reaching $20.20. 960,196 shares of the company’s stock were exchanged, compared to its average volume of 507,092. Criteo has a fifty-two week low of $19.85 and a fifty-two week high of $36.66. The firm has a market capitalization of $1.43 billion, a PE ratio of 12.39, a PEG ratio of 2.81 and a beta of 1.48.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The firm had revenue of $223.00 million during the quarter, compared to analyst estimates of $222.00 million. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Criteo will post 1.52 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of CRTO. Bank of New York Mellon Corp raised its stake in shares of Criteo by 1,231.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,907,183 shares of the information services provider’s stock valued at $62,652,000 after acquiring an additional 1,763,968 shares in the last quarter. FMR LLC increased its position in Criteo by 81.3% in the 2nd quarter. FMR LLC now owns 1,502,700 shares of the information services provider’s stock worth $49,364,000 after buying an additional 673,700 shares during the period. Acadian Asset Management LLC increased its position in Criteo by 168.7% in the 3rd quarter. Acadian Asset Management LLC now owns 584,629 shares of the information services provider’s stock worth $13,411,000 after buying an additional 367,081 shares during the period. Wells Fargo & Company MN increased its position in Criteo by 17,943.3% in the 2nd quarter. Wells Fargo & Company MN now owns 335,606 shares of the information services provider’s stock worth $11,024,000 after buying an additional 333,746 shares during the period. Finally, NN Investment Partners Holdings N.V. increased its position in Criteo by 32.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,007,985 shares of the information services provider’s stock worth $33,112,000 after buying an additional 246,792 shares during the period. 86.36% of the stock is currently owned by institutional investors and hedge funds.

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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