Criteo SA (NASDAQ:CRTO) shares shot up 5.2% during trading on Wednesday . The stock traded as high as $24.32 and last traded at $24.25. 2,838,127 shares were traded during mid-day trading, an increase of 221% from the average session volume of 884,113 shares. The stock had previously closed at $23.06.

Several research firms have recently commented on CRTO. Cowen reiterated a “market perform” rating and issued a $25.00 price objective (down previously from $40.00) on shares of Criteo in a report on Tuesday. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price objective on shares of Criteo in a report on Monday. Jefferies Group reiterated a “hold” rating and issued a $28.00 price objective on shares of Criteo in a report on Friday, December 15th. Macquarie upgraded Criteo from a “neutral” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Friday, December 15th. Finally, JMP Securities downgraded Criteo from an “outperform” rating to a “market perform” rating in a report on Friday, December 15th. Two equities 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 company presently has an average rating of “Hold” and a consensus price target of $43.44.

The company has a market cap of $1,530.00, a P/E ratio of 14.89, a PEG ratio of 0.68 and a beta of 2.49.

In other Criteo news, 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 transaction of $708,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Benoit Fouilland sold 6,250 shares of Criteo stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $46.02, for a total value of $287,625.00. The disclosure for this sale can be found here. Insiders sold 52,575 shares of company stock worth $2,070,376 over the last three months. 5.60% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. FMR LLC boosted its position in Criteo by 1.2% during the 2nd quarter. FMR LLC now owns 6,475,439 shares of the information services provider’s stock valued at $317,620,000 after acquiring an additional 76,439 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Criteo by 7.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,468,771 shares of the information services provider’s stock valued at $143,954,000 after acquiring an additional 253,120 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Criteo by 11.0% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,353,960 shares of the information services provider’s stock valued at $97,689,000 after acquiring an additional 233,940 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in Criteo by 11.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 2,150,458 shares of the information services provider’s stock valued at $89,244,000 after acquiring an additional 213,124 shares in the last quarter. Finally, Comgest Global Investors S.A.S. boosted its position in Criteo by 1.2% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,953,430 shares of the information services provider’s stock valued at $81,067,000 after acquiring an additional 22,738 shares in the last quarter. 87.66% of the stock is currently owned by institutional investors and hedge funds.

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About Criteo

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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