Citigroup Initiates Coverage on Criteo SA (ADR) to Buy

Citigroup Initiates Coverage on Criteo SA (ADR)(NASDAQ:CRTO). The shares have been rated Buy. The rating by Citigroup was issued on Apr 11, 2016.

In a different note, Boenning & Scattergood said it Initiates Coverage on Criteo SA (ADR), according to a research note issued on Feb 5, 2016. The shares have been rated ‘Outperform’ by the firm. Morgan Stanley said it Initiates Coverage on Criteo SA (ADR), according to a research note issued on Jan 26, 2016. In the research note, the firm Announces the price-target to $36 per share. The shares have been rated ‘Equal-weight’ by the firm.

Criteo SA (ADR) (CRTO) made into the market gainers list on Fridays trading session with the shares advancing 0.28% or 0.11 points. Due to strong positive momentum, the stock ended at $38.76, which is also near the day’s high of $39.19. The stock began the session at $38.72 and the volume stood at 4,67,754 shares. The 52-week high of the shares is $57.3027 and the 52 week low is $24.23. The company has a current market capitalization of $2,422 M and it has 6,24,80,517 shares in outstanding.

Criteo SA (ADR)(CRTO) last announced its earnings results on Feb 10, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $159.27M. Analysts had an estimated revenue of $137.91M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Romain Niccoli (Chief Technology Officer) sold 15,385 shares at $41.29 per share price.Also, On Apr 5, 2016, Jean-baptiste Rudelle (Executive Chairman) sold 50,000 shares at $41.83 per share price.On Mar 4, 2016, Benoit Fouilland (Chief Financial Officer) sold 45,000 shares at $37.90 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.

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