Criteo (CRTO) Trading Up 1.3%

Criteo (NASDAQ:CRTO)’s share price was up 1.3% during trading on Thursday . The company traded as high as $33.04 and last traded at $32.79. Approximately 52,778 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 1,010,265 shares. The stock had previously closed at $32.37.

A number of equities analysts have recently commented on CRTO shares. BidaskClub raised shares of Criteo from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. Morgan Stanley reissued an “equal weight” rating and issued a $35.00 price target (up previously from $31.00) on shares of Criteo in a report on Wednesday, February 21st. Zacks Investment Research raised shares of Criteo from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 21st. Citigroup reissued a “hold” rating and issued a $35.00 price target on shares of Criteo in a report on Friday, March 9th. Finally, Vertical Group lowered shares of Criteo from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Criteo currently has an average rating of “Hold” and a consensus price target of $42.88.

The firm has a market cap of $2.00 billion, a P/E ratio of 20.16 and a beta of 1.86.



Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, May 2nd. The information services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.14. Criteo had a net margin of 4.21% and a return on equity of 14.52%. The company had revenue of $240.00 million for the quarter, compared to analyst estimates of $233.08 million. During the same quarter last year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. equities analysts forecast that Criteo will post 1.54 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in CRTO. International Value Advisers LLC purchased a new stake in Criteo during the 4th quarter valued at $43,764,000. HG Vora Capital Management LLC boosted its position in Criteo by 37.1% during the 1st quarter. HG Vora Capital Management LLC now owns 4,250,000 shares of the information services provider’s stock valued at $109,820,000 after buying an additional 1,150,000 shares during the period. Millennium Management LLC boosted its position in Criteo by 144.1% during the 1st quarter. Millennium Management LLC now owns 1,517,823 shares of the information services provider’s stock valued at $39,221,000 after buying an additional 896,020 shares during the period. Summit Trail Advisors LLC boosted its position in Criteo by 2,229.8% during the 1st quarter. Summit Trail Advisors LLC now owns 931,141 shares of the information services provider’s stock valued at $931,000 after buying an additional 891,174 shares during the period. Finally, Deutsche Bank AG boosted its position in Criteo by 100.8% during the 4th quarter. Deutsche Bank AG now owns 1,421,163 shares of the information services provider’s stock valued at $36,992,000 after buying an additional 713,257 shares during the period. 76.40% of the stock is currently owned by institutional investors.

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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