Criteo S.A. (NASDAQ:CRTO) had its price objective trimmed by Susquehanna Bancshares Inc from $50.00 to $43.00 in a report issued on Thursday, November 2nd. The brokerage currently has a neutral rating on the information services provider’s stock.
Several other equities research analysts also recently issued reports on the company. BMO Capital Markets restated a buy rating and issued a $70.00 price target on shares of Criteo in a report on Wednesday, September 13th. Zacks Investment Research downgraded Criteo from a hold rating to a strong sell rating in a report on Thursday, October 26th. KeyCorp restated a buy rating and issued a $62.00 price target on shares of Criteo in a report on Friday, September 15th. Macquarie assumed coverage on Criteo in a report on Thursday, October 12th. They set a neutral rating and a $51.00 price objective for the company. Finally, Deutsche Bank AG decreased their price objective on Criteo to $58.00 and set a buy rating for the company in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Criteo has an average rating of Hold and an average price target of $54.32.
Shares of Criteo (CRTO) traded down $0.61 on Thursday, hitting $34.84. The stock had a trading volume of 577,300 shares, compared to its average volume of 773,056. The firm has a market capitalization of $2,159.00, a price-to-earnings ratio of 23.48, a PEG ratio of 1.07 and a beta of 2.64. Criteo has a twelve month low of $34.60 and a twelve month high of $56.00.
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In related news, insider Jean-Baptiste Rudelle sold 46,467 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $47.91, for a total transaction of $2,226,233.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Benoit Fouilland sold 6,250 shares of the firm’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 disclosure for this sale can be found here. In the last quarter, insiders sold 203,825 shares of company stock worth $9,308,603. Corporate insiders own 5.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CRTO. BT Investment Management Ltd acquired a new position in Criteo during the 2nd quarter worth about $50,555,000. Epoch Investment Partners Inc. lifted its stake in shares of Criteo by 81.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock valued at $95,027,000 after purchasing an additional 868,634 shares during the period. Sarasin & Partners LLP acquired a new position in shares of Criteo in the 2nd quarter valued at about $39,876,000. Russell Investments Group Ltd. lifted its stake in shares of Criteo by 752.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 883,940 shares of the information services provider’s stock valued at $36,683,000 after purchasing an additional 780,278 shares during the period. Finally, TD Asset Management Inc. lifted its stake in shares of Criteo by 95.5% in the 2nd quarter. TD Asset Management Inc. now owns 1,153,744 shares of the information services provider’s stock valued at $56,591,000 after purchasing an additional 563,682 shares during the period. 84.94% of the stock is currently owned by hedge funds and other institutional investors.
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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