Cowen Reiterates Market Perform Rating for Criteo (CRTO)

Criteo (NASDAQ:CRTO)‘s stock had its “market perform” rating reiterated by research analysts at Cowen in a research note issued to investors on Tuesday. They currently have a $25.00 price objective on the information services provider’s stock, down from their previous price objective of $40.00. Cowen’s price target points to a potential upside of 3.09% from the stock’s current price.

CRTO has been the subject of a number of other research reports. Morgan Stanley reissued an “equal weight” rating and set a $46.00 target price (down previously from $50.00) on shares of Criteo in a research report on Monday, October 2nd. Jefferies Group reissued a “hold” rating and set a $28.00 target price on shares of Criteo in a research report on Friday, December 15th. Zacks Investment Research cut shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet cut shares of Criteo from a “b-” rating to a “c+” rating in a research report on Monday, November 20th. Finally, SunTrust Banks set a $35.00 target price on shares of Criteo and gave the company a “buy” rating in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $43.44.

Criteo (NASDAQ CRTO) opened at $24.25 on Tuesday. Criteo has a one year low of $22.00 and a one year high of $56.00. The stock has a market cap of $1,404.42, a P/E ratio of 15.27, a PEG ratio of 0.70 and a beta of 2.50.

In related news, CEO Eric Eichmann sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $35.41, for a total transaction of $708,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Mary Spilman sold 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $37.88, for a total transaction of $189,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,575 shares of company stock valued at $2,070,376. Corporate insiders own 5.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its position in Criteo by 3.2% during the second quarter. State Street Corp now owns 26,727 shares of the information services provider’s stock valued at $1,311,000 after buying an additional 820 shares during the period. Private Advisor Group LLC grew its position in Criteo by 6.4% during the second quarter. Private Advisor Group LLC now owns 14,080 shares of the information services provider’s stock valued at $703,000 after buying an additional 850 shares during the period. Pictet & Cie Europe SA grew its position in Criteo by 23.5% during the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after buying an additional 1,040 shares during the period. Stifel Financial Corp grew its position in Criteo by 8.3% during the second quarter. Stifel Financial Corp now owns 18,279 shares of the information services provider’s stock valued at $895,000 after buying an additional 1,396 shares during the period. Finally, California Public Employees Retirement System grew its position in Criteo by 2.3% during the second quarter. California Public Employees Retirement System now owns 63,400 shares of the information services provider’s stock valued at $3,110,000 after buying an additional 1,400 shares during the period. Institutional investors own 87.66% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Cowen Reiterates Market Perform Rating for Criteo (CRTO)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2017/12/21/cowen-reiterates-market-perform-rating-for-criteo-crto.html.

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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit