Criteo S.A. (NASDAQ:CRTO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.

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. “

Several other research analysts have also recently commented on the company. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price target on shares of Criteo in a research note on Wednesday, September 13th. KeyCorp reiterated a “buy” rating and issued a $62.00 price target on shares of Criteo in a research note on Friday, September 15th. Cowen and Company reiterated an “outperform” rating and issued a $60.00 price target on shares of Criteo in a research note on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $48.80 price target (down previously from $66.00) on shares of Criteo in a research note on Tuesday, June 6th. Finally, BidaskClub upgraded Criteo from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $56.06.

Criteo (NASDAQ:CRTO) opened at 44.31 on Wednesday. Criteo has a 12-month low of $32.83 and a 12-month high of $56.00.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The company had revenue of $220.00 million for the quarter, compared to analysts’ expectations of $212.55 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. Analysts anticipate that Criteo will post $2.43 earnings per share for the current fiscal year.

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In related news, Director James Warner sold 1,250 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $42.21, for a total value of $52,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Eichmann sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $49.04, for a total value of $980,800.00. The disclosure for this sale can be found here. Insiders sold a total of 368,980 shares of company stock valued at $18,204,027 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its stake in Criteo by 53.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock valued at $737,000 after purchasing an additional 5,233 shares in the last quarter. Todd Asset Management LLC boosted its stake in Criteo by 29.7% during the 2nd quarter. Todd Asset Management LLC now owns 163,861 shares of the information services provider’s stock valued at $8,038,000 after purchasing an additional 37,550 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Criteo by 24.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 308,873 shares of the information services provider’s stock valued at $15,150,000 after purchasing an additional 60,260 shares in the last quarter. Geode Capital Management LLC boosted its stake in Criteo by 17.9% during the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock valued at $1,612,000 after purchasing an additional 4,888 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. bought a new position in Criteo during the 2nd quarter valued at $17,235,000. 85.05% of the stock is owned by hedge funds and other institutional investors.

About Criteo

Criteo SA is a France-based company specializing in digital performance marketing. Its 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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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