Criteo SA (ADR) (CRTO) is Reiterated by RBC Capital Mkts to Outperform, Lowers Price Target to $ 55

Criteo SA (ADR) (CRTO) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 55 from a previous price target of $58 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Criteo SA (ADR). Citigroup Initiated Criteo SA (ADR) on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $56.

On the company’s financial health, Criteo SA (ADR) reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.35. The company had revenue of $162.00 million for the quarter, compared to analysts expectations of $159.60 million. The company’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Criteo SA (ADR) closed down -2.15 points or -5.00% at $40.85 with 15,52,901 shares getting traded on Wednesday. Post opening the session at $39.25, the shares hit an intraday low of $39.04 and an intraday high of $41.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 4, 2016, Romain Niccoli (Chief Technology Officer) sold 15,385 shares at $42.16 per share price. According to the SEC, on May 4, 2016, Benoit Fouilland (Chief Financial Officer) sold 876 shares at $41.91 per share price. On May 4, 2016, Jean-baptiste Rudelle (Executive Chairman) sold 77,756 shares at $42.63 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)

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