The stock of Criteo SA (ADR) (NASDAQ:CRTO) is a huge mover today! About 549,711 shares traded hands. Criteo SA (ADR) (NASDAQ:CRTO) has declined 9.17% since March 15, 2016 and is downtrending. It has underperformed by 14.65% the S&P500.
The move comes after 7 months positive chart setup for the $2.28B company. It was reported on Oct, 18 by Barchart.com. We have $42.85 PT which if reached, will make NASDAQ:CRTO worth $456.00 million more.
Analysts await Criteo SA (ADR) (NASDAQ:CRTO) to report earnings on November, 2. They expect $0.31 earnings per share, up 287.50% or $0.23 from last year’s $0.08 per share. CRTO’s profit will be $19.79M for 28.80 P/E if the $0.31 EPS becomes a reality. After $0.21 actual earnings per share reported by Criteo SA (ADR) for the previous quarter, Wall Street now forecasts 47.62% EPS growth.
Criteo SA (ADR) (NASDAQ:CRTO) Ratings Coverage
Out of 12 analysts covering Criteo SA (NASDAQ:CRTO), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Criteo SA has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, September 6, the company rating was downgraded by Susquehanna. Susquehanna initiated Criteo SA (ADR) (NASDAQ:CRTO) rating on Monday, August 10. Susquehanna has “Positive” rating and $60 price target. The stock of Criteo SA (ADR) (NASDAQ:CRTO) has “Outperform” rating given on Friday, February 5 by Boenning & Scattergood. The stock has “Buy” rating given by Suntrust Robinson on Tuesday, December 22. The firm earned “Equal-Weight” rating on Tuesday, January 26 by Morgan Stanley. On Monday, September 21 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was maintained by Evercore on Thursday, September 3 with “Hold”. The rating was maintained by Citigroup on Thursday, August 4 with “Buy”. The rating was maintained by Jefferies with “Buy” on Thursday, August 4. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, November 5.
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.”
Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.37, from 0.89 in 2016Q1. The ratio improved, 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.
Marshall Wace Limited Liability Partnership has 0.3% invested in the company for 784,347 shares. Parus (Uk) accumulated 687,895 shares or 6.07% of the stock. First Personal has 79 shares for 0% of their US portfolio. The California-based Utd Capital Fin Advisers Ltd Liability Corp has invested 0.01% in Criteo SA (ADR) (NASDAQ:CRTO). Majedie Asset Management Ltd, a United Kingdom-based fund reported 35,469 shares. Blackrock Inc holds 0% or 200 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt Corporation, a Alberta – Canada-based fund reported 35,640 shares. Blair William And Il has 49,985 shares for 0.02% of their US portfolio. Kornitzer Capital Mgmt Inc Ks, a Kansas-based fund reported 53,100 shares. Thrivent Fincl For Lutherans holds 496,392 shares or 0.11% of its portfolio. Tower (Trc) last reported 133 shares in the company. Raymond James And Associate reported 20,860 shares or 0% of all its holdings. Barclays Pcl has 49,471 shares for 0% of their US portfolio. First Washington Corporation has 67,930 shares for 1.79% of their US portfolio. Johnson Grp has 351 shares for 0% of their US portfolio.
More notable recent Criteo SA (ADR) (NASDAQ:CRTO) news were published by: Marketwatch.com which released: “Criteo SA downgraded to neutral from positive at Susquehanna” on September 11, 2011, also Fool.com with their article: “Criteo SA (ADR) Serves Up Another Quarterly Beat” published on May 05, 2016, Fool.com published: “Why Shares of Criteo SA (ADR) Jumped Today” on February 10, 2016. 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: “Criteo SA (ADR) Crumbles Despite Another Solid Quarter” with publication date: November 05, 2015.
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.
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