Criteo (CRTO) Stock Rating Lowered by Citigroup

Criteo (NASDAQ:CRTO) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Friday. They presently have a $28.00 target price on the information services provider’s stock. Citigroup’s price target points to a potential upside of 23.46% from the company’s current price.

CRTO has been the subject of several other reports. TheStreet downgraded Criteo from a “b-” rating to a “c+” rating in a report on Monday, November 20th. Zacks Investment Research downgraded Criteo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. JMP Securities began coverage on Criteo in a report on Monday, October 2nd. They set an “outperform” rating and a $60.00 price target for the company. BMO Capital Markets restated a “buy” rating on shares of Criteo in a report on Thursday, November 2nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $26.00 price target (down from $40.00) on shares of Criteo in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.56.

Criteo (NASDAQ CRTO) opened at $22.68 on Friday. The stock has a market capitalization of $1,381.28, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.69 and a beta of 2.50. Criteo has a twelve month low of $22.00 and a twelve month high of $56.00.

In other Criteo news, insider Jean-Baptiste Rudelle sold 11,977 shares of Criteo stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $41.72, for a total value of $499,680.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,575 shares of company stock worth $2,070,376. Insiders own 5.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Criteo by 3.2% in the 2nd quarter. State Street Corp now owns 26,727 shares of the information services provider’s stock worth $1,311,000 after purchasing an additional 820 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Criteo by 6.4% in the 2nd quarter. Private Advisor Group LLC now owns 14,080 shares of the information services provider’s stock worth $703,000 after purchasing an additional 850 shares during the period. Pictet & Cie Europe SA boosted its holdings 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 purchasing an additional 1,040 shares during the period. Stifel Financial Corp boosted its holdings in shares of Criteo by 8.3% in the 2nd quarter. Stifel Financial Corp now owns 18,279 shares of the information services provider’s stock worth $895,000 after purchasing an additional 1,396 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Criteo by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 63,400 shares of the information services provider’s stock worth $3,110,000 after purchasing an additional 1,400 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Criteo (CRTO) Stock Rating Lowered by Citigroup” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/12/17/criteo-crto-stock-rating-lowered-by-citigroup.html.

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)

Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply