Berenberg Bank reiterated their buy rating on shares of Criteo S.A. (NASDAQ:CRTO) in a research report sent to investors on Friday morning. Berenberg Bank currently has a $63.00 price objective on the information services provider’s stock.
Several other equities research analysts also recently commented on the company. Susquehanna Bancshares Inc dropped their target price on Criteo from $50.00 to $43.00 and set a neutral rating on the stock in a report on Thursday, November 2nd. Citigroup Inc. dropped their price objective on Criteo from $61.00 to $51.00 and set a buy rating on the stock in a report on Thursday, November 2nd. BMO Capital Markets restated a buy rating on shares of Criteo in a report on Thursday, November 2nd. Cowen and Company downgraded Criteo from an outperform rating to a market perform rating in a report on Thursday, November 2nd. Finally, Jefferies Group LLC downgraded Criteo from a buy rating to a hold rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $54.32.
Shares of Criteo (NASDAQ:CRTO) opened at $35.45 on Friday. The company has a market capitalization of $2,144.99, a PE ratio of 23.33, a P/E/G ratio of 1.07 and a beta of 2.64. Criteo has a twelve month low of $34.76 and a twelve month high of $56.00.
In other news, CEO Eric Eichmann sold 20,000 shares of Criteo stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $35.41, for a total value of $708,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jean-Baptiste Rudelle sold 46,467 shares of Criteo stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $47.91, for a total value of $2,226,233.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,825 shares of company stock valued at $9,308,603. Insiders own 5.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. First Quadrant L P CA acquired a new position in shares of Criteo in the 3rd quarter worth approximately $129,000. Perigon Wealth Management LLC acquired a new position in shares of Criteo in the 2nd quarter worth approximately $137,000. Pictet & Cie Europe SA grew its position in shares of Criteo by 23.5% in the 2nd quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock worth $268,000 after acquiring an additional 1,040 shares in the last quarter. Janney Capital Management LLC grew its position in shares of Criteo by 39.4% in the 2nd quarter. Janney Capital Management LLC now owns 6,046 shares of the information services provider’s stock worth $296,000 after acquiring an additional 1,709 shares in the last quarter. Finally, Fox Run Management L.L.C. boosted its position in 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 valued at $307,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 84.94% of the company’s stock.
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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