Citigroup reissued their hold rating on shares of Criteo (NASDAQ:CRTO) in a research report released on Friday. The firm currently has a $35.00 price objective on the information services provider’s stock.
Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Criteo from a b- rating to a c+ rating in a report on Monday, November 20th. BidaskClub upgraded shares of Criteo from a strong sell rating to a sell rating in a report on Thursday, February 15th. Morgan Stanley restated an equal weight rating and issued a $35.00 price objective (up from $31.00) on shares of Criteo in a report on Wednesday, February 21st. Stifel Nicolaus restated a hold rating and issued a $28.00 price objective (up from $26.00) on shares of Criteo in a report on Thursday, February 15th. Finally, Cowen restated a hold rating and issued a $29.00 price objective on shares of Criteo in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Criteo has a consensus rating of Hold and an average target price of $43.35.
Criteo (CRTO) opened at $30.51 on Friday. Criteo has a twelve month low of $21.00 and a twelve month high of $56.00. The firm has a market cap of $1,981.78, a P/E ratio of 22.77, a P/E/G ratio of 0.98 and a beta of 1.82.
In other news, insider Jean-Baptiste Rudelle sold 1,261 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $24.78, for a total transaction of $31,247.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Eichmann sold 7,153 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $24.87, for a total transaction of $177,895.11. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Criteo during the fourth quarter worth $235,000. Invictus RG bought a new stake in shares of Criteo during the fourth quarter worth $362,000. Janney Capital Management LLC increased its position in shares of Criteo by 46.2% during the third quarter. Janney Capital Management LLC now owns 8,840 shares of the information services provider’s stock worth $366,000 after acquiring an additional 2,794 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Criteo by 18.5% during the third quarter. First Republic Investment Management Inc. now owns 11,284 shares of the information services provider’s stock worth $468,000 after acquiring an additional 1,762 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Criteo during the third quarter worth $546,000. 72.78% of the stock is owned by 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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