Jefferies Group LLC Lowers Criteo S.A. (CRTO) to Hold

Jefferies Group LLC cut shares of Criteo S.A. (NASDAQ:CRTO) from a buy rating to a hold rating in a report issued on Thursday, Marketbeat reports.

A number of other brokerages have also recently weighed in on CRTO. 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 initiated coverage on shares of Criteo in a research report on Monday, July 31st. They set an overweight rating and a $62.00 price objective for the company. Deutsche Bank AG upped their price objective on shares of Criteo from $64.00 to $65.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. Stifel Nicolaus set a $50.00 price objective on shares of Criteo and gave the stock a hold rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a buy rating and set a $60.00 price objective on shares of Criteo in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Criteo has an average rating of Hold and a consensus price target of $54.32.

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

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In other news, insider Jean-Baptiste Rudelle sold 46,467 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $47.91, for a total value of $2,226,233.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Mary Spilman sold 20,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $49.50, for a total transaction of $990,000.00. The disclosure for this sale can be found here. Insiders sold a total of 219,075 shares of company stock valued at $10,426,240 in the last quarter. Insiders own 5.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Criteo by 392.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 73,974 shares of the information services provider’s stock valued at $3,070,000 after purchasing an additional 58,939 shares in the last quarter. Jennison Associates LLC increased its holdings in Criteo by 5.3% during the 3rd quarter. Jennison Associates LLC now owns 806,722 shares of the information services provider’s stock valued at $33,479,000 after acquiring an additional 40,422 shares in the last quarter. Westpac Banking Corp purchased a new position in Criteo during the 3rd quarter valued at about $841,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings 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. Finally, Pictet Asset Management Ltd. increased its holdings in Criteo by 101.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 642,920 shares of the information services provider’s stock valued at $26,681,000 after acquiring an additional 323,936 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

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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