Criteo (NASDAQ:CRTO) Stock Rating Reaffirmed by Berenberg Bank

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued on Wednesday, AnalystRatings.com reports. They presently have a $34.00 price target on the information services provider’s stock. Berenberg Bank’s price objective would suggest a potential upside of 72.50% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Macquarie downgraded Criteo from an “outperform” rating to a “neutral” rating and set a $19.54 price objective on the stock. in a research report on Wednesday, May 1st. BidaskClub raised Criteo from a “hold” rating to a “buy” rating in a research report on Saturday. Rosenblatt Securities reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Criteo in a research report on Friday, May 3rd. SunTrust Banks raised Criteo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Finally, ValuEngine raised Criteo from a “strong sell” rating to a “sell” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.46.

NASDAQ:CRTO traded down $0.17 during midday trading on Wednesday, hitting $19.71. 320,686 shares of the company traded hands, compared to its average volume of 556,038. The firm has a fifty day moving average price of $18.21. Criteo has a 12-month low of $16.46 and a 12-month high of $30.85. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 2.40 and a beta of 0.89.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, July 31st. The information services provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $222.59 million. Criteo had a return on equity of 10.84% and a net margin of 3.72%. Criteo’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. As a group, equities research analysts expect that Criteo will post 1.66 EPS for the current year.

In related news, COO Mary Spilman sold 1,567 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $17.05, for a total transaction of $26,717.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dan Teodosiu sold 26,237 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $19.45, for a total value of $510,309.65. The disclosure for this sale can be found here. Insiders have sold a total of 28,684 shares of company stock worth $552,879 in the last three months. Corporate insiders own 4.01% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Aperio Group LLC bought a new stake in Criteo during the second quarter valued at about $34,000. Bell Rock Capital LLC boosted its position in Criteo by 33.3% during the first quarter. Bell Rock Capital LLC now owns 2,000 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Criteo during the first quarter valued at about $63,000. First Mercantile Trust Co. boosted its position in Criteo by 40.3% during the first quarter. First Mercantile Trust Co. now owns 5,895 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 1,692 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in Criteo during the first quarter valued at about $131,000. 83.39% of the stock is currently owned by institutional investors.

Criteo Company Profile

Criteo SA, 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 algorithms; recommendation algorithms; 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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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