Criteo’s (CRTO) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Criteo (NASDAQ:CRTO) in a research report sent to investors on Thursday morning. The brokerage currently has a $26.00 price objective on the information services provider’s stock, down from their previous price objective of $40.00.

A number of other research firms also recently weighed in on CRTO. BMO Capital Markets reissued a buy rating and set a $70.00 target price on shares of Criteo in a research report on Wednesday, September 13th. Zacks Investment Research downgraded shares of Criteo from a hold rating to a sell rating in a research report on Thursday, October 19th. Macquarie assumed coverage on shares of Criteo in a research report on Thursday, October 12th. They set a neutral rating and a $51.00 target price for the company. Berenberg Bank reissued a buy rating and set a $63.00 target price on shares of Criteo in a research report on Friday, September 22nd. Finally, Deutsche Bank decreased their target price on shares of Criteo to $58.00 and set a buy rating for the company in a research report on Tuesday, October 31st. 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. Criteo currently has an average rating of Hold and an average price target of $47.56.

Shares of Criteo (CRTO) opened at $22.68 on Thursday. The firm has a market cap of $1,500.00, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.69 and a beta of 2.49. Criteo has a 52-week low of $22.00 and a 52-week high of $56.00.

In other news, CFO Benoit Fouilland sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $46.02, for a total transaction of $287,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Warner sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $45.97, for a total transaction of $57,462.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,575 shares of company stock valued at $2,070,376. Insiders own 5.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. First Quadrant L P CA bought a new position in shares of Criteo in the 3rd quarter worth $129,000. Perigon Wealth Management LLC bought a new position in shares of Criteo in the 2nd quarter worth $137,000. Pictet & Cie Europe SA lifted 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 in the last quarter. Fox Run Management L.L.C. lifted its holdings in shares of Criteo by 51.0% in the 3rd quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock worth $307,000 after purchasing an additional 2,500 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Criteo by 35.4% in the 2nd quarter. US Bancorp DE now owns 6,585 shares of the information services provider’s stock worth $323,000 after purchasing an additional 1,722 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

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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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