Criteo S.A. (NASDAQ:CRTO) Given New $51.00 Price Target at Citigroup Inc.

Criteo S.A. (NASDAQ:CRTO) had its target price reduced by Citigroup Inc. from $61.00 to $51.00 in a report released on Thursday, November 2nd. The firm currently has a “buy” rating on the information services provider’s stock. Citigroup Inc.’s target price would suggest a potential upside of 53.57% from the company’s previous close.

A number of other brokerages have also recently commented on CRTO. Cowen and Company reissued a “buy” rating and set a $60.00 target price on shares of Criteo in a report on Friday, July 28th. KeyCorp assumed coverage on Criteo in a report on Monday, July 31st. They set an “overweight” rating and a $62.00 target price for the company. Deutsche Bank AG increased their target price on Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Stifel Nicolaus set a $50.00 target price on Criteo and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 target price on shares of Criteo in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.32.

Criteo (NASDAQ:CRTO) opened at $33.21 on Thursday. Criteo has a fifty-two week low of $33.16 and a fifty-two week high of $56.00. The company has a market capitalization of $2,240.00, a P/E 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, CFO Benoit Fouilland sold 6,250 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $46.02, for a total value of $287,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric Eichmann sold 5,598 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.61, for a total value of $232,932.78. The disclosure for this sale can be found here. Insiders sold 157,358 shares of company stock valued at $7,082,369 over the last quarter. 5.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Criteo by 1.2% during the second quarter. FMR LLC now owns 6,475,439 shares of the information services provider’s stock worth $317,620,000 after buying an additional 76,439 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Criteo by 7.9% during the third quarter. Allianz Asset Management GmbH now owns 3,468,771 shares of the information services provider’s stock worth $143,954,000 after buying an additional 253,120 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Criteo by 11.0% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,353,960 shares of the information services provider’s stock worth $97,689,000 after buying an additional 233,940 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Criteo by 11.0% during the third quarter. Epoch Investment Partners Inc. now owns 2,150,458 shares of the information services provider’s stock worth $89,244,000 after buying an additional 213,124 shares during the period. Finally, Comgest Global Investors S.A.S. boosted its position in shares of Criteo by 1.2% during the third quarter. Comgest Global Investors S.A.S. now owns 1,953,430 shares of the information services provider’s stock worth $81,067,000 after buying an additional 22,738 shares during the period. Institutional investors and hedge funds 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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