Today, Criteo SA (CRTO) Price Target Increased to $63.00 by Analysts at Berenberg Bank

Today, Criteo SA (CRTO) Price Target Increased to $63.00 by Analysts at Berenberg Bank
Criteo SA (NASDAQ:CRTO) had its price target raised by investment analysts at Berenberg Bank from $50.00 to $63.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 47.75% from the company’s previous close.

Other research analysts have also recently issued reports about the company. RBC Capital Markets set a $55.00 price objective on Criteo SA and gave the company a “buy” rating in a research report on Sunday, October 30th. Jefferies Group lowered their price target on Criteo SA from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Zacks Investment Research raised Criteo SA from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Monday, November 7th. William Blair reissued an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Finally, Cowen and Company reissued an “outperform” rating on shares of Criteo SA in a report on Tuesday, October 4th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.50.

Shares of Criteo SA (NASDAQ:CRTO) traded up 0.91% on Friday, reaching $43.03. 51,390 shares of the company’s stock were exchanged. The firm has a market cap of $2.65 billion, a PE ratio of 38.80 and a beta of 2.75. The company has a 50 day moving average price of $37.76 and a 200 day moving average price of $40.41. Criteo SA has a one year low of $24.23 and a one year high of $47.81.

Criteo SA (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. The business 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 quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. Analysts expect that Criteo SA will post $1.92 EPS for the current fiscal year.

In other Criteo SA news, insider Jean-Baptiste Rudelle sold 60,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $35.84, for a total value of $2,150,400.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Benoit Fouilland sold 876 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $42.37, for a total value of $37,116.12. Following the completion of the transaction, 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.

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position 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 period. Private Advisor Group LLC increased its position in shares of 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 shares of 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 shares of 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 shares of 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. 70.79% of the stock is currently owned by institutional investors.

Criteo SA Company Profile

Related posts

Leave a Comment