Today’s Rating On Watch: 46.31% to Target, Berenberg Keeps “Buy” Rating for Criteo (NASDAQ:CRTO) Stock

November 25, 2016 - By Peter Kolinski

Today's Rating On Watch: 46.31% to Target, Berenberg Keeps

Criteo (NASDAQ:CRTO) Rating

Criteo (NASDAQ:CRTO) had its stock rating noted as “Buy” by analysts at Berenberg. Berenberg currently has a $63 PT on the $2.75B market cap company or 46.31% upside potential. This was disclosed to clients in a note on Friday, 25 November.

Criteo SA (ADR) (NASDAQ:CRTO) Ratings Coverage

Out of 13 analysts covering Criteo SA (NASDAQ:CRTO), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. $63 is the highest target while $10 is the lowest. The $49.17 average target is 14.19% above today’s ($43.06) stock price. Criteo SA has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Boenning & Scattergood on Friday, February 5 with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 5. Susquehanna downgraded Criteo SA (ADR) (NASDAQ:CRTO) on Tuesday, September 6 to “Neutral” rating. The stock of Criteo SA (ADR) (NASDAQ:CRTO) earned “Buy” rating by Berenberg on Tuesday, October 18. The stock of Criteo SA (ADR) (NASDAQ:CRTO) earned “Positive” rating by Susquehanna on Monday, August 10. The stock has “Buy” rating given by Jefferies on Thursday, August 4. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, December 22. Cowen & Co maintained Criteo SA (ADR) (NASDAQ:CRTO) on Monday, September 21 with “Outperform” rating. Citigroup maintained Criteo SA (ADR) (NASDAQ:CRTO) on Thursday, August 4 with “Buy” rating. On Tuesday, January 26 the stock rating was initiated by Morgan Stanley with “Equal-Weight”.

About 50,291 shares traded hands. Criteo SA (ADR) (NASDAQ:CRTO) has risen 2.75% since April 22, 2016 and is uptrending. It has underperformed by 2.66% the S&P500.

Analysts await Criteo SA (ADR) (NASDAQ:CRTO) to report earnings on February, 8. They expect $0.57 earnings per share, down 3.39% or $0.02 from last year’s $0.59 per share. CRTO’s profit will be $36.40M for 18.89 P/E if the $0.57 EPS becomes a reality. After $0.27 actual earnings per share reported by Criteo SA (ADR) for the previous quarter, Wall Street now forecasts 111.11% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.27, from 1.26 in 2016Q1. The ratio worsened, as 15 funds sold all Criteo SA (ADR) shares owned while 46 reduced positions. 34 funds bought stakes while 43 increased positions. They now own 39.87 million shares or 12.70% more from 35.38 million shares in 2016Q1.

World Invsts, a California-based fund reported 635,000 shares. Geode Mgmt Ltd Liability Co last reported 0% of its portfolio in the stock. The United Kingdom-based Pictet Asset Limited has invested 0.06% in Criteo SA (ADR) (NASDAQ:CRTO). Moreover, California Pub Employees Retirement Sys has 0.01% invested in Criteo SA (ADR) (NASDAQ:CRTO) for 87,900 shares. Bessemer Gp, a New Jersey-based fund reported 82 shares. Envestnet Asset Mngmt has 6,274 shares for 0% of their US portfolio. Artisan L P has invested 0.01% of its portfolio in Criteo SA (ADR) (NASDAQ:CRTO). Allianz Asset Mgmt Ag holds 1.84M shares or 0.05% of its portfolio. Columbus Circle Invsts has 0.29% invested in the company for 637,337 shares. The New York-based Goldman Sachs Inc has invested 0% in Criteo SA (ADR) (NASDAQ:CRTO). Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Criteo SA (ADR) (NASDAQ:CRTO) for 5,400 shares. Deutsche Bankshares Ag last reported 0.01% of its portfolio in the stock. Hightower Advsr Limited Liability reported 24,554 shares or 0.01% of all its holdings. Shaker Investments Lc Oh holds 74,215 shares or 3.09% of its portfolio. First Washington reported 67,930 shares or 1.79% of all its holdings.

Criteo SA is a France-based company specializing in digital performance marketing. The company has a market cap of $2.75 billion. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. It has a 35.85 P/E ratio. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.

According to Zacks Investment Research, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France.”

CRTO Company Profile

Criteo S.A., incorporated on October 19, 2005, is a global technology firm 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. The Firm operates in approximately 90 countries through a network of over 30 international offices located in Europe, the Americas and the Asia-Pacific region. The Criteo Engine delivers advertisements through multiple marketing channels and formats, including display advertising banners, native advertising banners and marketing messages delivered to opt-in e-mail addresses. Advertisements are delivered on all devices and screens, including Web browsers on desktops and laptops, mobile Web browsers on smartphones and tablets, as well as mobile applications.

More notable recent Criteo SA (ADR) (NASDAQ:CRTO) news were published by: Fool.com which released: “Criteo SA (ADR) Serves Up Another Quarterly Beat” on May 05, 2016, also Fool.com with their article: “Why Shares of Criteo SA (ADR) Jumped Today” published on February 10, 2016, Fool.com published: “Criteo SA (ADR) Crumbles Despite Another Solid Quarter” on November 05, 2015. More interesting news about Criteo SA (ADR) (NASDAQ:CRTO) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on September 21, 2011 as well as Fool.com‘s news article titled: “Why Criteo SA (ADR) Stock Soared” with publication date: August 29, 2014.

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