Criteo - CRTO Stock Forecast, Price & News

Criteo S.A., 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. Its Criteo AI Engine solutions include lookalike finder, recommendation, and predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online testing platform to enhance the capabilities and effectiveness of prediction models. The company also provides Criteo Marketing Solutions that allow commerce companies to address various marketing goals by engaging their consumers with personalized ads across the web, mobile, and offline store environments; and Criteo Retail Media solutions, which allows retailers to generate advertising revenues from consumer brands, and/or to drive sales for themselves, by monetizing their data and audiences through personalized ads, either on their own digital property or on the open Internet. In addition, it offers real-time access to advertising inventory through its publisher partners; consulting services to companies in distance sales; and business intelligence and analytics services. It serves companies in digital retail, travel, and classifieds industries. Criteo S.A. was incorporated in 2005 and is headquartered in Paris, France.

Criteo Stock Up 3.1 %

Criteo stock opened at $28.96 on Monday. The stock has a market capitalization of $1.75 billion, a PE ratio of 13.73 and a beta of 0.90. Criteo has a twelve month low of $20.56 and a twelve month high of $43.49. The company has a 50 day moving average of $24.59 and a 200-day moving average of $26.84.

Criteo (NASDAQ:CRTO - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The information services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.18. The company had revenue of $215.00 million during the quarter, compared to analysts' expectations of $219.24 million. Criteo had a net margin of 6.22% and a return on equity of 14.19%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities analysts anticipate that Criteo will post 2.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CRTO shares. DA Davidson reaffirmed a "neutral" rating and issued a $31.00 target price (down previously from $47.00) on shares of Criteo in a research note on Thursday, August 4th. Berenberg Bank lowered their target price on shares of Criteo from $58.50 to $53.00 and set a "buy" rating for the company in a research note on Thursday, July 14th. Benchmark lowered their target price on shares of Criteo from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, August 2nd. Morgan Stanley lowered their target price on shares of Criteo from $37.00 to $32.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 19th. Finally, Truist Financial lowered their target price on shares of Criteo from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Criteo currently has a consensus rating of "Moderate Buy" and an average target price of $40.00.