Criteo (NASDAQ:CRTO) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Criteo (NASDAQ:CRTOGet Rating) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

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 analysts have also issued reports on the stock. Benchmark began coverage on shares of Criteo in a research note on Tuesday, March 1st. They set a buy rating and a $45.00 target price for the company. TheStreet lowered shares of Criteo from a b rating to a c+ rating in a research note on Wednesday, April 27th. Truist Financial lowered their price objective on shares of Criteo from $45.00 to $40.00 in a research note on Monday. StockNews.com assumed coverage on shares of Criteo in a research note on Thursday, March 31st. They issued a buy rating for the company. Finally, Morgan Stanley lowered their price objective on shares of Criteo from $40.00 to $37.00 and set an equal weight rating for the company in a research note on Tuesday, March 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Criteo has an average rating of Buy and a consensus target price of $45.50.

Shares of CRTO opened at $24.83 on Tuesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 11.82 and a beta of 0.95. Criteo has a 12-month low of $23.72 and a 12-month high of $46.65. The firm has a fifty day moving average price of $27.26 and a 200-day moving average price of $33.52.

Criteo (NASDAQ:CRTOGet Rating) last issued its earnings results on Wednesday, February 9th. The information services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.34. The firm had revenue of $276.19 million during the quarter, compared to analyst estimates of $275.01 million. Criteo had a net margin of 5.97% and a return on equity of 15.45%. During the same period in the previous year, the firm earned $0.86 earnings per share. As a group, equities analysts forecast that Criteo will post 2.4 EPS for the current year.

In other Criteo news, CEO Megan Clarken sold 2,339 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $26.37, for a total transaction of $61,679.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 2,654 shares of company stock valued at $71,358. Insiders own 1.39% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC acquired a new position in shares of Criteo during the third quarter valued at about $25,000. First Horizon Advisors Inc. increased its holdings in shares of Criteo by 38.5% during the third quarter. First Horizon Advisors Inc. now owns 1,296 shares of the information services provider’s stock valued at $51,000 after acquiring an additional 360 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Criteo during the fourth quarter valued at about $60,000. Lindbrook Capital LLC increased its holdings in shares of Criteo by 128.8% during the fourth quarter. Lindbrook Capital LLC now owns 1,666 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 938 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Criteo by 17.2% during the third quarter. Captrust Financial Advisors now owns 2,295 shares of the information services provider’s stock valued at $84,000 after acquiring an additional 337 shares in the last quarter. 93.28% of the stock is owned by institutional investors and hedge funds.

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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