Criteo S.A. (CRTO) Earns Buy Rating from Berenberg Bank
Berenberg Bank reiterated their buy rating on shares of Criteo S.A. (NASDAQ:CRTO) in a report released on Friday. They currently have a $63.00 target price on the information services provider’s stock.
CRTO has been the subject of a number of other reports. BMO Capital Markets reissued a buy rating and set a $70.00 target price on shares of Criteo in a research note on Wednesday, September 13th. Royal Bank Of Canada reissued a buy rating and set a $60.00 target price on shares of Criteo in a research note on Monday, July 31st. Cowen and Company reissued an outperform rating and set a $60.00 target price on shares of Criteo in a research note on Thursday, June 22nd. KeyCorp initiated coverage on Criteo in a research note on Monday, July 31st. They set an overweight rating and a $62.00 target price for the company. Finally, BidaskClub cut Criteo from a hold rating to a sell rating in a research note on Tuesday, June 13th. Two 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. The stock has a consensus rating of Hold and a consensus price target of $55.98.
Criteo (NASDAQ CRTO) opened at 42.77 on Friday. Criteo has a 12 month low of $32.83 and a 12 month high of $56.00.
Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The business had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $212.55 million. During the same period in the prior year, the business earned $0.33 EPS. Criteo’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, analysts predict that Criteo will post $2.44 earnings per share for the current year.
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In other news, CFO Benoit Fouilland sold 4,980 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $51.00, for a total transaction of $253,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Warner sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $50.46, for a total transaction of $63,075.00. The disclosure for this sale can be found here. Insiders have sold a total of 368,980 shares of company stock valued at $18,204,027 over the last ninety days. Company insiders own 5.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CRTO. Perigon Wealth Management LLC bought a new position in shares of Criteo during the 2nd quarter worth approximately $137,000. Fifth Third Bancorp bought a new position in shares of Criteo during the 1st quarter worth approximately $176,000. Pictet & Cie Europe SA bought a new position in shares of Criteo during the 1st quarter worth approximately $221,000. Oppenheimer Asset Management Inc. bought a new position in shares of Criteo during the 1st quarter worth approximately $230,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Criteo by 88.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after buying an additional 2,203 shares during the last quarter. 84.81% of the stock is 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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