Criteo’s (CRTO) “Buy” Rating Reaffirmed at Berenberg Bank

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

Several other brokerages have also recently issued reports on CRTO. Cowen and Company restated a buy rating and set a $60.00 price objective on shares of Criteo in a research note on Friday, July 28th. KeyCorp initiated coverage on Criteo in a research report on Monday, July 31st. They set an overweight rating and a $62.00 price target on the stock. Deutsche Bank AG increased their price target on Criteo from $64.00 to $65.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. Stifel Nicolaus set a $50.00 price target on Criteo and gave the stock a hold rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a buy rating and set a $60.00 price target on shares of Criteo in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $54.32.

Shares of Criteo (NASDAQ CRTO) traded down $0.26 during midday trading on Friday, reaching $35.22. The company’s stock had a trading volume of 1,042,500 shares, compared to its average volume of 1,071,208. Criteo has a 12-month low of $35.00 and a 12-month high of $56.00. The firm has a market capitalization of $2,145.00, a PE ratio of 23.32, a P/E/G ratio of 1.07 and a beta of 2.64.

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In related news, CEO Eric Eichmann sold 5,598 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.61, for a total value of $232,932.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Mary Spilman sold 2,500 shares of the stock in a transaction that occurred on 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. Insiders sold a total of 185,075 shares of company stock valued at $8,664,765 over the last three months. Corporate insiders own 5.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of CRTO. FMR LLC boosted its stake in Criteo by 1.2% during 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 boosted its stake in Criteo by 11.0% during 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. boosted its stake in Criteo by 1.2% during 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. boosted its stake in Criteo by 81.3% during 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. boosted its stake in Criteo by 15.4% during 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. 84.66% of the stock is owned by institutional investors and hedge funds.

Criteo Company Profile

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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