Criteo (NASDAQ:CRTO) had its target price raised by Citigroup from $14.00 to $16.00 in a research note published on Thursday morning, The Fly reports. The brokerage currently has a buy rating on the information services provider’s stock.

Other analysts have also issued reports about the company. Deutsche Bank lowered their price objective on Criteo from $22.00 to $16.00 in a research report on Friday, May 8th. ValuEngine cut shares of Criteo from a hold rating to a sell rating in a research report on Thursday, July 23rd. BidaskClub lowered shares of Criteo from a buy rating to a hold rating in a report on Wednesday, June 17th. BMO Capital Markets lowered shares of Criteo from an outperform rating to a market perform rating and lowered their target price for the stock from $16.00 to $13.00 in a report on Wednesday, June 24th. Finally, Susquehanna Bancshares cut their price target on Criteo from $14.00 to $12.00 and set a neutral rating on the stock in a research note on Thursday, April 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $15.07.

Shares of CRTO stock opened at $13.69 on Thursday. Criteo has a 1 year low of $5.89 and a 1 year high of $20.76. The firm’s 50 day moving average is $12.37 and its 200-day moving average is $11.54. The firm has a market capitalization of $847.70 million, a price-to-earnings ratio of 10.78 and a beta of 1.24.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, July 29th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.14. The firm had revenue of $179.90 million for the quarter, compared to the consensus estimate of $174.68 million. Criteo had a return on equity of 11.98% and a net margin of 3.87%. The business’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Equities research analysts anticipate that Criteo will post 1.22 earnings per share for the current year.

Several large investors have recently bought and sold shares of CRTO. Quantum Capital Management raised its position in Criteo by 257.6% in the 1st quarter. Quantum Capital Management now owns 7,480 shares of the information services provider’s stock valued at $59,000 after buying an additional 5,388 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Criteo in the first quarter worth $155,000. Altium Wealth Management LLC acquired a new position in Criteo during the first quarter worth $182,000. SG Americas Securities LLC bought a new position in Criteo in the first quarter valued at $203,000. Finally, Engineers Gate Manager LP grew its position in Criteo by 156.6% in the first quarter. Engineers Gate Manager LP now owns 27,889 shares of the information services provider’s stock valued at $222,000 after purchasing an additional 17,019 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

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 algorithms; recommendation algorithms; 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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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