Cowen Reaffirms “Market Perform” Rating for Criteo (CRTO)

Criteo (NASDAQ:CRTO)‘s stock had its “market perform” rating reiterated by research analysts at Cowen in a research note issued on Tuesday. They presently have a $25.00 price target on the information services provider’s stock, down from their previous price target of $40.00. Cowen’s price target would suggest a potential upside of 11.16% from the company’s previous close.

CRTO has been the topic of a number of other reports. Morgan Stanley restated an “equal weight” rating and issued a $46.00 price objective (down from $50.00) on shares of Criteo in a research note on Monday, October 2nd. Jefferies Group restated a “hold” rating and issued a $28.00 price objective on shares of Criteo in a research note on Friday. Zacks Investment Research cut Criteo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet cut Criteo from a “b-” rating to a “c+” rating in a research note on Monday, November 20th. Finally, SunTrust Banks set a $35.00 price objective on Criteo and gave the company a “buy” rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.44.

Shares of Criteo (CRTO) opened at $22.49 on Tuesday. Criteo has a 52 week low of $22.00 and a 52 week high of $56.00. The stock has a market capitalization of $1,381.27, a PE ratio of 15.02, a P/E/G ratio of 0.69 and a beta of 2.50.

In other Criteo news, CFO Benoit Fouilland sold 6,250 shares of Criteo stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $46.02, for a total transaction of $287,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jean-Baptiste Rudelle sold 11,977 shares of Criteo stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $41.72, for a total value of $499,680.44. The disclosure for this sale can be found here. Insiders have sold a total of 52,575 shares of company stock valued at $2,070,376 in the last ninety days. Insiders own 5.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in shares of Criteo by 53.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock worth $737,000 after purchasing an additional 5,233 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings 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 purchasing an additional 213,124 shares in the last quarter. Banque Pictet & Cie SA grew its holdings in shares of Criteo by 1,302.2% during the third quarter. Banque Pictet & Cie SA now owns 84,134 shares of the information services provider’s stock worth $3,492,000 after purchasing an additional 78,134 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Criteo by 15.4% during the third quarter. Ameriprise Financial Inc. now owns 1,826,181 shares of the information services provider’s stock worth $75,771,000 after purchasing an additional 244,024 shares in the last quarter. Finally, Todd Asset Management LLC grew its holdings in shares of Criteo by 29.7% during the second quarter. Todd Asset Management LLC now owns 163,861 shares of the information services provider’s stock worth $8,038,000 after purchasing an additional 37,550 shares in the last quarter. 87.66% of the stock is owned by institutional investors.

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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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