Berenberg Bank Reiterates “Buy” Rating for Criteo S.A. (CRTO)
Criteo S.A. (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Friday. They presently have a $63.00 price target on the information services provider’s stock. Berenberg Bank’s price objective would indicate a potential upside of 47.30% from the stock’s current price.
Several other equities research analysts have also recently commented on CRTO. KeyCorp began coverage on Criteo in a research report on Monday, July 31st. They set an “overweight” rating and a $62.00 price objective on the stock. Zacks Investment Research cut Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Cowen and Company reaffirmed an “outperform” rating and set a $61.00 price objective (up from $60.00) on shares of Criteo in a research report on Thursday, August 3rd. BidaskClub cut Criteo from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Deutsche Bank AG increased their price objective on Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.98.
Criteo (NASDAQ:CRTO) traded up 1.59% during trading on Friday, reaching $42.77. 1,546,562 shares of the company’s stock were exchanged. Criteo has a 12 month low of $32.83 and a 12 month high of $56.00.
Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, beating the 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 period last year, the firm posted $0.33 earnings per share. Criteo’s revenue was up 32.5% compared to the same quarter last year. On average, equities analysts predict that Criteo will post $2.44 EPS for the current year.
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In other Criteo news, insider Jean-Baptiste Rudelle sold 9,129 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $51.62, for a total value of $471,238.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dan Teodosiu sold 1,500 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $50.10, for a total value of $75,150.00. The disclosure for this sale can be found here. In the last three months, insiders sold 375,230 shares of company stock worth $18,511,339. 5.60% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC bought a new position in Criteo in the second quarter valued at about $137,000. Fifth Third Bancorp bought a new position in Criteo in the first quarter valued at about $176,000. Pictet & Cie Europe SA bought a new position in Criteo in the first quarter valued at about $221,000. Oppenheimer Asset Management Inc. bought a new position in Criteo in the first quarter valued at about $230,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Criteo by 88.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after acquiring an additional 2,203 shares during the period. 84.81% of the stock is currently owned by institutional investors.
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.
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