BidaskClub upgraded shares of Criteo (NASDAQ:CRTO) from a strong sell rating to a sell rating in a report issued on Friday morning.

Several other equities analysts also recently issued reports on CRTO. Deutsche Bank reduced their price objective on shares of Criteo to $58.00 and set a buy rating on the stock in a research note on Tuesday, October 31st. BMO Capital Markets reissued a buy rating and set a $70.00 price objective on shares of Criteo in a research note on Wednesday, October 18th. Berenberg Bank reissued a buy rating and set a $63.00 price objective on shares of Criteo in a research note on Friday, September 22nd. KeyCorp reissued a buy rating and set a $62.00 price objective on shares of Criteo in a research note on Friday, September 15th. Finally, Citigroup reduced their price objective on shares of Criteo from $61.00 to $51.00 and set a buy rating on the stock in a research note on Thursday, November 2nd. 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. Criteo currently has an average rating of Hold and an average price target of $43.44.

Shares of Criteo (NASDAQ CRTO) opened at $25.36 on Friday. Criteo has a fifty-two week low of $22.00 and a fifty-two week high of $56.00. The stock has a market cap of $1,670.00, a PE ratio of 21.86, a price-to-earnings-growth ratio of 0.76 and a beta of 2.49.

In other news, CEO Eric Eichmann sold 20,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $35.41, for a total value of $708,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 11,977 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $41.72, for a total transaction of $499,680.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,575 shares of company stock worth $2,070,376. 5.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRTO. Geode Capital Management LLC boosted its stake in Criteo by 17.9% during the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock valued at $1,612,000 after acquiring an additional 4,888 shares during the last quarter. Legal & General Group Plc boosted its stake in Criteo by 53.3% during the 2nd quarter. Legal & General Group Plc now owns 229,206 shares of the information services provider’s stock valued at $11,056,000 after acquiring an additional 79,715 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Criteo by 53.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock valued at $737,000 after acquiring an additional 5,233 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Criteo by 193.0% during the 2nd quarter. Victory Capital Management Inc. now owns 480,934 shares of the information services provider’s stock valued at $23,590,000 after acquiring an additional 316,797 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new position in Criteo during the 2nd quarter valued at $641,000. 87.66% of the stock is owned by institutional investors and hedge funds.

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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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