The stock of Criteo SA (ADR) (NASDAQ:CRTO) is a huge mover today! About 509,428 shares traded hands. Criteo SA (ADR) (NASDAQ:CRTO) has risen 4.14% since April 5, 2016 and is uptrending. It has outperformed by 2.18% the S&P500.
The move comes after 5 months positive chart setup for the $2.79B company. It was reported on Nov, 8 by Barchart.com. We have $67.99 PT which if reached, will make NASDAQ:CRTO worth $1.62 billion more.
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. Criteo SA has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, September 6 by Susquehanna. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, January 26 report. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, December 22. RBC Capital Markets maintained the shares of CRTO in a report on Thursday, November 5 with “Outperform” rating. As per Thursday, September 3, the company rating was maintained by Evercore. Berenberg initiated the stock with “Buy” rating in Tuesday, October 18 report. Citigroup maintained the stock with “Buy” rating in Thursday, August 4 report. Jefferies maintained it with “Buy” rating and $63 target price in Thursday, August 4 report. As per Monday, September 21, the company rating was maintained by Cowen & Co. Susquehanna initiated it with “Positive” rating and $60 target price in Monday, August 10 report.
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 Q2 2016. 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.
Profund Ltd Llc accumulated 16,836 shares or 0.04% of the stock. Cheyne Capital (Uk) Limited Liability Partnership, a United Kingdom-based fund reported 24,000 shares. Oppenheimer & Incorporated holds 0.06% or 44,068 shares in its portfolio. Utd Svcs Automobile Association holds 0% of its portfolio in Criteo SA (ADR) (NASDAQ:CRTO) for 11,737 shares. First Mercantile Trust Company accumulated 10,400 shares or 0.06% of the stock. The Hong Kong-based Sylebra Hk Limited has invested 2.84% in Criteo SA (ADR) (NASDAQ:CRTO). The Illinois-based Blair William Il has invested 0.02% in Criteo SA (ADR) (NASDAQ:CRTO). Federated Investors Pa last reported 0% of its portfolio in the stock. Fmr Ltd Co has 6.25 million shares for 0.04% of their US portfolio. Gam Ag, a Switzerland-based fund reported 306,700 shares. Moreover, Independent Portfolio Consultants Incorporated has 0.06% invested in Criteo SA (ADR) (NASDAQ:CRTO) for 4,475 shares. Ameriprise Inc holds 0.02% or 890,735 shares in its portfolio. Norris Perne & French Ltd Liability Partnership Mi last reported 133,235 shares in the company. Pictet Asset Mgmt, a United Kingdom-based fund reported 340,962 shares. Blackrock has 200 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, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on September 21, 2011. More interesting news about Criteo SA (ADR) (NASDAQ:CRTO) were released by: Fool.com and their article: “Criteo SA (ADR) Crumbles Despite Another Solid Quarter” published on November 05, 2015 as well as Fool.com‘s news article titled: “Why Shares of Criteo SA (ADR) Jumped Today” with publication date: February 10, 2016.
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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