Criteo S.A. (CRTO) Earns Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Criteo S.A. (NASDAQ:CRTO) in a research note issued to investors on Friday. The firm currently has a $63.00 target price on the information services provider’s stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus set a $50.00 target price on Criteo and gave the stock a hold rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Criteo from a hold rating to a sell rating in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed a buy rating on shares of Criteo in a research note on Thursday, November 2nd. BidaskClub downgraded Criteo from a hold rating to a sell rating in a research note on Saturday, August 5th. Finally, Cowen and Company reiterated an outperform rating and set a $61.00 price target (up from $60.00) on shares of Criteo in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $54.32.

Criteo (NASDAQ:CRTO) opened at $35.22 on Friday. The stock has a market capitalization of $2,144.99, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 1.07 and a beta of 2.64. Criteo has a twelve month low of $35.00 and a twelve month high of $56.00.

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In related news, insider Jean-Baptiste Rudelle sold 103,533 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $47.90, for a total transaction of $4,959,230.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Mary Spilman sold 2,500 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $38.03, for a total value of $95,075.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,075 shares of company stock valued at $8,664,765. Company insiders own 5.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC raised its position in Criteo by 1.2% in the 2nd quarter. FMR LLC now owns 6,475,439 shares of the information services provider’s stock valued at $317,620,000 after purchasing an additional 76,439 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Criteo by 11.0% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,353,960 shares of the information services provider’s stock valued at $97,689,000 after purchasing an additional 233,940 shares in the last quarter. Comgest Global Investors S.A.S. raised its position in Criteo by 1.2% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,953,430 shares of the information services provider’s stock valued at $81,067,000 after purchasing an additional 22,738 shares in the last quarter. Epoch Investment Partners Inc. raised its position in Criteo by 81.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock valued at $95,027,000 after purchasing an additional 868,634 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Criteo by 15.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,826,181 shares of the information services provider’s stock valued at $75,771,000 after purchasing an additional 244,024 shares in the last quarter. 84.94% of the stock is currently owned by institutional investors.

About Criteo

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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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