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Friday, January 28, 2022

The Forecast Just Changed on Criteo S.A. (CRTO)

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Many stocks have been testing new highs in 2020, and one of the most notable is Criteo S.A. (CRTO). Currently, CRTO is trading at $14.65 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $12.69.

To add more color to this target, the company’s high over the last year is $20.76 and the low is $5.89. Over the last 52 weeks, CRTO is down -29.45% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CRTO reported a profit of $172.21 million. Criteo S.A. also saw revenues increase to $503.38 million. In addition, CRTO has free cash flow of $45.48 million as of 03-2020 The company’s EBITDA came in at $50.85 million which compares well with its peers.

CRTO booked profit margins of 3.90%, its Return on Equity (ROE) is 8.70%, and its Return on Assets is 5.00%. All told, it is clear that, CRTO needs to be on your watchlist.

About Criteo S.A.

If readers are unfamiliar, Criteo S.A., a technology company, provides an advertising platform for the open Internet 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 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 platform to enhance the capabilities and effectiveness of prediction models. The company also provides real-time access to advertising inventory through its publisher partners. In addition, it offers consulting services to companies in distance sales; and business intelligence and analytics services. Further, the company offers 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, 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. It serves companies in digital retail, travel, and classifieds industries. The company was founded in 2005 and is headquartered in Paris, France.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CRTO has a short ratio of 0.79 and outstanding shares of 61.69M.

Company Outlook

CRTO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.92 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.35. Criteo S.A. CRTO also noted assets of $1.68 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CRTO has historically followed its peers on positive news.

All told, Criteo S.A. CRTO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CRTO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Criteo S.A. CRTO is now commanding a market cap of 903.77M and a float of 61.05M. CRTO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CRTO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CRTO, either long or short, and we have not been compensated for this article.

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