Criteo SA (ADR) (CRTO) is Downgraded by Susquehanna to Neutral

Criteo SA (ADR) (CRTO) was Downgraded by Susquehanna to ” Neutral”. Earlier the firm had a rating of “Positive ” on the company shares. Susquehanna advised their investors in a research report released on Sep 6, 2016.

On the company’s financial health, Criteo SA (ADR) reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $146.00 million for the quarter, compared to analysts expectations of $161.39 million. The company’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Criteo SA (ADR) opened for trading at $36.51 and hit $38.39 on the upside on Thursday, eventually ending the session at $38.07, with a gain of 3.23% or 1.19 points. The heightened volatility saw the trading volume jump to 9,22,534 shares. Company has a market cap of $2,422 M.

In a different news, on Sep 2, 2016, Jean-baptiste Rudelle (Executive Chairman) sold 60,000 shares at $37.57 per share price. According to the SEC, on Aug 15, 2016, Eric Eichmann (Chief Executive Officer) sold 10,000 shares at $40.24 per share price. On Aug 9, 2016, Benoit Fouilland (Chief Financial Officer) sold 876 shares at $41.18 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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