Cowen and Company Lowers Criteo S.A. (NASDAQ:CRTO) to Market Perform

Criteo S.A. (NASDAQ:CRTO) was downgraded by equities research analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, November 2nd.

CRTO has been the subject of several other reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $46.00 price target (down from $50.00) on shares of Criteo in a research note on Monday, October 2nd. BidaskClub downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price target on shares of Criteo in a research note on Monday, July 31st. 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, BMO Capital Markets decreased their target price on shares of Criteo from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.32.

Criteo (NASDAQ CRTO) traded down $0.77 during mid-day trading on Thursday, reaching $33.21. 1,098,050 shares of the company traded hands, compared to its average volume of 772,956. Criteo has a 1-year low of $33.16 and a 1-year high of $56.00. The firm has a market capitalization of $2,240.00, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.06 and a beta of 2.64.

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In related news, insider Jean-Baptiste Rudelle sold 103,533 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $47.90, for a total transaction of $4,959,230.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Warner sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $42.21, for a total transaction of $52,762.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,358 shares of company stock worth $7,082,369. Corporate insiders own 5.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. First Quadrant L P CA purchased a new stake in shares of Criteo during the 3rd quarter valued at approximately $129,000. Perigon Wealth Management LLC purchased a new stake in shares of Criteo during the 2nd quarter valued at approximately $137,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Criteo during the 1st quarter valued at approximately $230,000. Pictet & Cie Europe SA lifted its stake in 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 purchasing an additional 1,040 shares in the last quarter. Finally, Janney Capital Management LLC lifted its stake in 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 purchasing an additional 1,709 shares in the last quarter. Institutional investors own 87.45% 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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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