Berenberg Bank reaffirmed their buy rating on shares of Criteo (NASDAQ:CRTO) in a research report released on Friday, reports. Berenberg Bank currently has a $34.00 target price on the information services provider’s stock.

CRTO has been the subject of several other reports. BidaskClub lowered Criteo from a buy rating to a hold rating in a research report on Saturday, August 10th. Zacks Investment Research cut Criteo from a buy rating to a hold rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $26.46.

Shares of CRTO stock opened at $19.13 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The firm’s 50-day moving average is $19.02 and its two-hundred day moving average is $20.54. Criteo has a 12 month low of $16.46 and a 12 month high of $30.85.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, July 31st. The information services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $222.59 million. Criteo had a net margin of 3.72% and a return on equity of 10.73%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. As a group, analysts anticipate that Criteo will post 1.74 earnings per share for the current fiscal year.

In other news, insider Dan Teodosiu sold 26,237 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $19.45, for a total value of $510,309.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mary Spilman sold 1,567 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $17.05, for a total transaction of $26,717.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,684 shares of company stock valued at $552,879. Company insiders own 4.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aperio Group LLC purchased a new position in shares of Criteo during the second quarter worth $34,000. Quantamental Technologies LLC acquired a new stake in shares of Criteo in the first quarter valued at $63,000. First Mercantile Trust Co. raised its holdings in shares of Criteo by 40.3% in the 1st quarter. First Mercantile Trust Co. now owns 5,895 shares of the information services provider’s stock valued at $118,000 after buying an additional 1,692 shares during the period. Systematic Financial Management LP purchased a new stake in shares of Criteo in the 1st quarter valued at $131,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Criteo by 21.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,612 shares of the information services provider’s stock worth $148,000 after acquiring an additional 1,534 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

About Criteo

Criteo SA, a technology company, provides an advertising platform for the open Internet in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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