Citigroup Inc. Trims Criteo S.A. (CRTO) Target Price to $51.00

Criteo S.A. (NASDAQ:CRTO) had its price target trimmed by Citigroup Inc. from $61.00 to $51.00 in a research report report published on Thursday. The brokerage currently has a buy rating on the information services provider’s stock.

Several other analysts also recently weighed in on the company. Cowen and Company reiterated a buy rating and set a $60.00 price target on shares of Criteo in a research note on Friday, July 28th. KeyCorp assumed coverage on Criteo in a research note on Monday, July 31st. They set an overweight rating and a $62.00 price target on the stock. Royal Bank Of Canada reiterated a buy rating and set a $60.00 price target on shares of Criteo in a research note on Monday, July 31st. BMO Capital Markets assumed coverage on Criteo in a research note on Tuesday, August 1st. They set an outperform rating and a $70.00 price target on the stock. Finally, Stifel Nicolaus set a $50.00 price target on Criteo and gave the company a hold rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Criteo has a consensus rating of Hold and a consensus target price of $54.32.

Shares of Criteo (NASDAQ:CRTO) traded up $0.78 during trading hours on Thursday, reaching $37.67. The company had a trading volume of 1,250,639 shares, compared to its average volume of 984,327. Criteo has a 12 month low of $36.63 and a 12 month high of $56.00. The firm has a market cap of $2,294.22, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.10 and a beta of 2.64.

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In other Criteo news, insider Jean-Baptiste Rudelle sold 11,977 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $41.72, for a total transaction of $499,680.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dan Teodosiu sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $50.10, for a total value of $75,150.00. The disclosure for this sale can be found here. Insiders sold 219,075 shares of company stock worth $10,426,240 in the last 90 days. Company insiders own 5.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of CRTO. BT Investment Management Ltd purchased a new position in Criteo during the second quarter worth approximately $50,555,000. Epoch Investment Partners Inc. boosted its position in Criteo by 81.3% during the second quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock worth $95,027,000 after purchasing an additional 868,634 shares in the last quarter. Sarasin & Partners LLP purchased a new position in Criteo during the second quarter worth approximately $39,876,000. TD Asset Management Inc. boosted its position in Criteo by 95.5% during the second quarter. TD Asset Management Inc. now owns 1,153,744 shares of the information services provider’s stock worth $56,591,000 after purchasing an additional 563,682 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in Criteo by 4,897.5% during the second quarter. Harbour Capital Advisors LLC now owns 529,740 shares of the information services provider’s stock worth $10,800,000 after purchasing an additional 519,140 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

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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