Criteo SA (ADR) (CRTO) is Reiterated by Berenberg to Buy, Raises Price Target to $ 63

Criteo SA (ADR) (CRTO) was Reiterated by Berenberg to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 63 from a previous price target of $50 . Berenberg advised their investors in a research report released on Nov 25, 2016.

Many Wall Street Analysts have commented on Criteo SA (ADR). Berenberg Initiated Criteo SA (ADR) on Oct 18, 2016 to “Buy”, Price Target of the shares are set at $50.Criteo SA (ADR) was Downgraded by Susquehanna to ” Neutral” on Sep 6, 2016.

On the company’s financial health, Criteo SA (ADR) reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.37. The company had revenue of $177.00 million for the quarter, compared to analysts expectations of $173.47 million. The company’s revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Criteo SA (ADR) closed down -0.25 points or -0.63% at $39.75 with 4,46,211 shares getting traded on Monday. Post opening the session at $40.31, the shares hit an intraday low of $39.65 and an intraday high of $40.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 22, 2016, Benoit Fouilland (Chief Financial Officer) sold 1,752 shares at $41.01 per share price. According to the SEC, on Oct 5, 2016, Jean-baptiste Rudelle (Executive Chairman) sold 60,000 shares at $35.94 per share price. On Aug 15, 2016, Eric Eichmann (Chief Executive Officer) sold 10,000 shares at $40.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Criteo S.A. (Criteo) is a global technology company specializing in digital performance marketing. The Company’s 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 multiple machine learning algorithms-in particular prediction and recommendation algorithms-and the global hardware and software infrastructure. The Company delivers its solution through a range of marketing channels including display advertising banners delivered on Web browsers display advertising banners delivered on social platforms display advertising banners delivered in mobile applications and marketing e-mail messages delivered to opt-in e-mail addresses. The Company operates in 69 countries through a network of 21 international offices located in Europe the Americas and the Asia- Pacific region.

Criteo SA (ADR)

Leave a Reply

Criteo SA (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Criteo SA (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.