Criteo (NASDAQ:CRTO) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, January 23rd, Marketbeat.com reports. They currently have a $26.00 target price on the information services provider’s stock, down from their prior target price of $30.00. BMO Capital Markets’ target price suggests a potential downside of 14.05% from the company’s current price.
Several other brokerages also recently issued reports on CRTO. Zacks Investment Research downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Macquarie assumed coverage on shares of Criteo in a research note on Thursday, October 12th. They set a “neutral” rating and a $51.00 price target on the stock. Deutsche Bank cut their price objective on Criteo to $58.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Susquehanna Bancshares cut their price objective on Criteo from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Finally, Cowen cut Criteo from an “outperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.19.
Shares of Criteo (NASDAQ:CRTO) traded up $6.86 during mid-day trading on Tuesday, reaching $30.25. The company’s stock had a trading volume of 6,010,397 shares, compared to its average volume of 990,787. Criteo has a one year low of $21.00 and a one year high of $56.00. The firm has a market capitalization of $1,512.56, a P/E ratio of 26.08, a PEG ratio of 1.12 and a beta of 2.25.
In other Criteo news, CEO Eric Eichmann sold 7,153 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $24.87, for a total value of $177,895.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $24.78, for a total value of $31,247.58. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in shares of Criteo during the 2nd quarter worth $137,000. First Quadrant L P CA acquired a new stake in shares of Criteo during the 3rd quarter worth $129,000. Fox Run Management L.L.C. grew its holdings in shares of Criteo by 51.0% during the 3rd quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock worth $307,000 after purchasing an additional 2,500 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Criteo during the 2nd quarter worth $417,000. Finally, Janney Capital Management LLC grew its holdings in shares of Criteo by 46.2% during the 3rd quarter. Janney Capital Management LLC now owns 8,840 shares of the information services provider’s stock worth $366,000 after purchasing an additional 2,794 shares in the last quarter. 80.06% of the stock is currently owned by institutional investors.
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Criteo Company Profile
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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