Criteo SA Receives a Hold from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Thomas Champion reiterated a Hold rating on Criteo SA (NASDAQ: CRTO) today and set a price target of $29. The company’s shares opened today at $31.

According to TipRanks.com, Champion is a 4-star analyst with an average return of 22.1% and a 64.3% success rate. Champion covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Sito Mobile Ltd, and Facebook Inc.

Currently, the analyst consensus on Criteo SA is Moderate Buy and the average price target is $30, representing a -3.2% downside.

In a report issued on February 13, Susquehanna also reiterated a Hold rating on the stock with a $22 price target.

Based on Criteo SA’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $604 million and quarterly net profit of $21.17 million. In comparison, last year the company earned revenue of $548 million and had a net profit of $38.11 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.

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Criteo SA operates as a global technology company, which specializes in digital performance marketing. The company enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers.