Criteo SA (NASDAQ:CRTO) had its target price upped by investment analysts at Berenberg Bank from $50.00 to $63.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 49.29% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Susquehanna downgraded Criteo SA from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $48.00 to $37.00 in a research note on Tuesday, September 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $51.00 price target on shares of Criteo SA in a research note on Tuesday, September 27th. Jefferies Group reaffirmed a “buy” rating and set a $63.00 price target on shares of Criteo SA in a research note on Tuesday, September 6th. Morgan Stanley reaffirmed a “hold” rating on shares of Criteo SA in a research note on Friday, September 16th. Finally, Zacks Investment Research downgraded Criteo SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.50.

Analyst Recommendations for Criteo SA (NASDAQ:CRTO)

Criteo SA (NASDAQ:CRTO) opened at 42.09 on Friday. The firm has a 50 day moving average price of $38.29 and a 200-day moving average price of $40.38. Criteo SA has a 12 month low of $24.23 and a 12 month high of $47.81. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 33.97 and a beta of 2.75.

Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The firm earned $177 million during the quarter, compared to the consensus estimate of $173.47 million. Criteo SA had a return on equity of 15.99% and a net margin of 4.96%. The business’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. On average, equities analysts forecast that Criteo SA will post $1.92 EPS for the current year.

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In other news, insider Jean-Baptiste Rudelle sold 60,000 shares of Criteo SA stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $35.84, for a total transaction of $2,150,400.00. Following the sale, the insider now owns 2,806,831 shares of the company’s stock, valued at approximately $100,596,823.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Benoit Fouilland sold 876 shares of Criteo SA stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $42.37, for a total value of $37,116.12. Following the sale, the chief financial officer now directly owns 89,807 shares in the company, valued at approximately $3,805,122.59. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Criteo SA by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,611 shares of the company’s stock valued at $257,000 after buying an additional 38 shares during the last quarter. Private Advisor Group LLC increased its position in Criteo SA by 1.4% in the second quarter. Private Advisor Group LLC now owns 13,256 shares of the company’s stock valued at $574,000 after buying an additional 181 shares during the period. Regent Investment Management LLC increased its position in Criteo SA by 3.6% in the third quarter. Regent Investment Management LLC now owns 9,115 shares of the company’s stock valued at $320,000 after buying an additional 315 shares during the period. Independent Portfolio Consultants Inc. increased its position in Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock valued at $205,000 after buying an additional 375 shares during the period. Finally, First Mercantile Trust Co. increased its position in Criteo SA by 14.3% in the second quarter. First Mercantile Trust Co. now owns 10,400 shares of the company’s stock valued at $478,000 after buying an additional 1,300 shares during the period. 68.17% of the stock is currently owned by institutional investors.

Criteo SA Company Profile

Criteo SA 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 various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.

5 Day Chart for NASDAQ:CRTO

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