Criteo (CRTO) Stock Rating Upgraded by Macquarie

Macquarie upgraded shares of Criteo (NASDAQ:CRTO) from a neutral rating to an outperform rating in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have $30.00 price objective on the information services provider’s stock.

CRTO has been the topic of several other reports. Morgan Stanley reissued an equal weight rating and issued a $46.00 target price (down from $50.00) on shares of Criteo in a report on Monday, October 2nd. Zacks Investment Research downgraded Criteo from a strong-buy rating to a hold rating in a report on Wednesday, October 4th. TheStreet downgraded Criteo from a b- rating to a c+ rating in a report on Monday, November 20th. SunTrust Banks set a $35.00 target price on Criteo and gave the stock a buy rating in a report on Thursday, December 14th. Finally, Susquehanna Bancshares dropped their target price on Criteo from $50.00 to $43.00 and set a neutral rating on the stock in a report on Thursday, November 2nd. Two investment 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. Criteo currently has a consensus rating of Hold and a consensus price target of $45.69.

Shares of Criteo (CRTO) opened at $22.49 on Friday. Criteo has a 1-year low of $22.00 and a 1-year high of $56.00. The company 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.

In other news, CEO Eric Eichmann sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $35.41, for a total value of $708,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Warner sold 1,250 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $45.97, for a total value of $57,462.50. The disclosure for this sale can be found here. Insiders sold 52,575 shares of company stock valued at $2,070,376 in the last 90 days. Company insiders own 5.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of CRTO. First Quadrant L P CA purchased a new stake in Criteo during the third quarter valued at $129,000. Perigon Wealth Management LLC purchased a new stake in Criteo during the second quarter valued at $137,000. Pictet & Cie Europe SA increased its position in Criteo by 23.5% during the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after acquiring an additional 1,040 shares during the last quarter. Fox Run Management L.L.C. increased its position in Criteo by 51.0% during the third quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock valued at $307,000 after acquiring an additional 2,500 shares during the last quarter. Finally, US Bancorp DE increased its position in Criteo by 35.4% during the second quarter. US Bancorp DE now owns 6,585 shares of the information services provider’s stock valued at $323,000 after acquiring an additional 1,722 shares during the last quarter. Hedge funds and other 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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