Posted by admin on Apr 29th, 2022 
Criteo (NASDAQ:CRTO – Get Rating) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.
Several other equities research analysts have also weighed in on the company. StockNews.com began coverage on Criteo in a research note on Thursday, March 31st. They set a “buy” rating for the company. Benchmark initiated coverage on Criteo in a research note on Tuesday, March 1st. They set a “buy” rating and a $45.00 price objective for the company. Morgan Stanley reduced their target price on Criteo from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, March 29th. Truist Financial reduced their target price on Criteo from $50.00 to $45.00 in a report on Thursday, March 3rd. Finally, Zacks Investment Research lowered Criteo from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Criteo presently has a consensus rating of “Buy” and an average target price of $46.13.
Shares of NASDAQ CRTO opened at $25.08 on Wednesday. The stock has a fifty day moving average price of $27.65 and a two-hundred day moving average price of $33.80. The firm has a market cap of $1.52 billion, a P/E ratio of 11.94 and a beta of 0.95. Criteo has a 1 year low of $23.72 and a 1 year high of $46.65.
Criteo (NASDAQ:CRTO – Get Rating) last released its quarterly earnings data on Wednesday, February 9th. The information services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.34. The business had revenue of $276.19 million during the quarter, compared to analyst estimates of $275.01 million. Criteo had a return on equity of 15.45% and a net margin of 5.97%. During the same period last year, the company posted $0.86 EPS. On average, analysts predict that Criteo will post 2.4 EPS for the current year.
In related news, CEO Megan Clarken sold 2,339 shares of the stock in a transaction on Friday, March 11th. The stock was sold at an average price of $26.37, for a total transaction of $61,679.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 2,654 shares of company stock valued at $71,358. 1.39% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in CRTO. DNB Asset Management AS raised its holdings in Criteo by 13.2% during the first quarter. DNB Asset Management AS now owns 5,248,723 shares of the information services provider’s stock valued at $142,975,000 after buying an additional 612,776 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Criteo by 57.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,199,242 shares of the information services provider’s stock valued at $202,095,000 after buying an additional 1,901,778 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Criteo by 2.1% during the third quarter. Neuberger Berman Group LLC now owns 5,056,550 shares of the information services provider’s stock valued at $183,633,000 after buying an additional 102,688 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Criteo by 4.3% during the fourth quarter. Allianz Asset Management GmbH now owns 4,812,580 shares of the information services provider’s stock valued at $187,065,000 after buying an additional 197,745 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Criteo by 1.2% during the third quarter. Morgan Stanley now owns 3,624,142 shares of the information services provider’s stock valued at $132,824,000 after buying an additional 42,672 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.
About Criteo (Get Rating)
Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.
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