Criteo (NASDAQ:CRTO) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday, December 22nd.
CRTO has been the subject of several other research reports. Morgan Stanley restated an “equal weight” rating and issued a $46.00 price target (down previously from $50.00) on shares of Criteo in a report on Monday, October 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Criteo in a research report on Friday, December 15th. Cowen reaffirmed a “market perform” rating and issued a $25.00 price objective (down previously from $40.00) on shares of Criteo in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, TheStreet downgraded shares of Criteo from a “b-” rating to a “c+” rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.44.
Shares of Criteo (NASDAQ CRTO) traded down $0.01 on Friday, reaching $25.50. 841,555 shares of the company were exchanged, compared to its average volume of 1,650,000. Criteo has a one year low of $22.00 and a one year high of $56.00. The company has a market cap of $1,680.00, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.24 and a beta of 2.49.
In related news, CFO Benoit Fouilland sold 6,250 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $46.02, for a total value of $287,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric Eichmann sold 5,598 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.61, for a total transaction of $232,932.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,575 shares of company stock valued at $2,070,376. Company insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Perigon Wealth Management LLC acquired a new stake in shares of Criteo in the second quarter valued at about $137,000. First Quadrant L P CA acquired a new stake in shares of Criteo in the third quarter valued at about $129,000. Pictet & Cie Europe SA raised its position in shares of Criteo by 23.5% in the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after buying an additional 1,040 shares during the last quarter. Fox Run Management L.L.C. raised its position in shares of Criteo by 51.0% in the third quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock valued at $307,000 after buying an additional 2,500 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Criteo in the second quarter valued at about $417,000. Institutional investors and hedge funds own 80.89% of the company’s stock.
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Criteo SA is a France-based company specializing in digital performance marketing. Its 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.
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