Criteo SA (NASDAQ:CRTO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

CRTO has been the topic of several other reports. Morgan Stanley reiterated a “hold” rating on shares of Criteo SA in a report on Friday, September 16th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $51.00 price target on shares of Criteo SA in a report on Tuesday, September 27th. Jefferies Group reiterated a “buy” rating and set a $63.00 price target on shares of Criteo SA in a report on Tuesday, September 6th. Susquehanna downgraded shares of Criteo SA from a “positive” rating to a “neutral” rating and cut their price target for the company from $48.00 to $37.00 in a report on Tuesday, September 6th. Finally, Pacific Crest reiterated a “buy” rating and set a $53.00 price target on shares of Criteo SA in a report on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.50.

Analyst Recommendations for Criteo SA (NASDAQ:CRTO)

Criteo SA (NASDAQ:CRTO) traded up 2.43% during trading on Tuesday, hitting $36.63. 944,205 shares of the stock traded hands. The firm has a 50-day moving average price of $36.60 and a 200 day moving average price of $41.19. Criteo SA has a 12 month low of $24.23 and a 12 month high of $47.81. The firm has a market cap of $2.26 billion, a PE ratio of 33.03 and a beta of 2.89.

Criteo SA (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The firm had revenue of $166 million for the quarter, compared to the consensus estimate of $161.27 million. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities analysts forecast that Criteo SA will post $1.79 EPS for the current fiscal year.

In related news, insider Jean-Baptiste Rudelle sold 60,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $37.96, for a total transaction of $2,277,600.00. Following the completion of the sale, the insider now owns 2,914,358 shares of the company’s stock, valued at $110,629,029.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Benoit Fouilland sold 876 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $44.05, for a total transaction of $38,587.80. Following the sale, the chief financial officer now directly owns 103,723 shares of the company’s stock, valued at approximately $4,568,998.15. The disclosure for this sale can be found here.

Large investors have recently bought and sold shares of the stock. Allianz Asset Management AG boosted its stake in Criteo SA by 53.1% in the second quarter. Allianz Asset Management AG now owns 1,837,911 shares of the company’s stock worth $84,397,000 after buying an additional 637,376 shares during the last quarter. Henderson Group PLC boosted its stake in Criteo SA by 14.2% in the second quarter. Henderson Group PLC now owns 1,130,846 shares of the company’s stock worth $51,957,000 after buying an additional 140,288 shares during the last quarter. American Century Companies Inc. boosted its stake in Criteo SA by 12.9% in the second quarter. American Century Companies Inc. now owns 1,089,924 shares of the company’s stock worth $50,049,000 after buying an additional 124,330 shares during the last quarter. Westpac Banking Corp purchased a new stake in Criteo SA during the second quarter worth approximately $46,976,000. Finally, Ameriprise Financial Inc. boosted its stake in Criteo SA by 20.0% in the second quarter. Ameriprise Financial Inc. now owns 890,735 shares of the company’s stock worth $40,902,000 after buying an additional 148,648 shares during the last quarter.

About Criteo SA

Criteo SA is a global technology company specializing in digital performance marketing. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.

5 Day Chart for NASDAQ:CRTO

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