Trading Report: Today: Criteo SA (CRTO) Price Target Raised to $63.00 at Berenberg Bank

Today: Criteo SA (CRTO) Price Target Raised to $63.00 at Berenberg Bank

Criteo SA (NASDAQ:CRTO) had its target price upped by Berenberg Bank from $50.00 to $63.00 in a research report released on Friday morning. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on CRTO. Jefferies Group cut their target price on Criteo SA from $65.00 to $63.00 and set a buy rating on the stock in a research note on Thursday, August 4th. Citigroup Inc. cut their target price on Criteo SA from $56.00 to $51.00 and set a buy rating on the stock in a research note on Thursday, August 4th. Zacks Investment Research upgraded Criteo SA from a hold rating to a buy rating and set a $47.00 target price on the stock in a research note on Friday, August 5th. JPMorgan Chase & Co. restated a buy rating and issued a $51.00 target price on shares of Criteo SA in a research note on Tuesday, September 27th. Finally, RBC Capital Markets set a $55.00 target price on Criteo SA and gave the stock a buy rating in a research note on Saturday, September 17th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $50.50.

Criteo SA (NASDAQ:CRTO) opened at 42.71 on Friday. Criteo SA has a 1-year low of $24.23 and a 1-year high of $47.81. The firm’s 50-day moving average price is $38.06 and its 200-day moving average price is $40.42. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 38.51 and a beta of 2.75.

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 analysts’ consensus estimates 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 company’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. Equities research analysts forecast that Criteo SA will post $1.92 EPS for the current fiscal year.

In other news, CFO Benoit Fouilland sold 1,752 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $41.01, for a total value of $71,849.52. Following the transaction, the chief financial officer now owns 88,055 shares of the company’s stock, valued at $3,611,135.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $2,150,400.00. Following the completion of the transaction, the insider now directly owns 2,806,831 shares in the company, valued at approximately $100,596,823.04. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management AG boosted its position in Criteo SA by 53.1% in the second quarter. Allianz Asset Management AG now owns 1,837,911 shares of the company’s stock worth $84,397,000 after buying an additional 637,376 shares in the last quarter. Morgan Stanley boosted its position in Criteo SA by 10.2% in the third quarter. Morgan Stanley now owns 1,771,360 shares of the company’s stock worth $62,192,000 after buying an additional 163,761 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in Criteo SA during the third quarter worth approximately $48,004,000. Henderson Group PLC boosted its position in Criteo SA by 14.2% in the second quarter. Henderson Group PLC now owns 1,130,846 shares of the company’s stock worth $51,957,000 after buying an additional 140,288 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Criteo SA by 26.0% in the third quarter. Ameriprise Financial Inc. now owns 1,122,690 shares of the company’s stock worth $39,385,000 after buying an additional 231,955 shares in the last quarter. 68.17% of the stock is currently owned by institutional investors and hedge funds.

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