Criteo (CRTO) Stock Rating Upgraded by BidaskClub

Criteo (NASDAQ:CRTO) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

A number of other brokerages have also commented on CRTO. BMO Capital Markets reissued a “buy” rating and set a $70.00 price objective on shares of Criteo in a report on Wednesday, September 13th. Zacks Investment Research lowered Criteo from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Macquarie initiated coverage on Criteo in a research note on Thursday, October 12th. They set a “neutral” rating and a $51.00 target price for the company. Berenberg Bank restated a “buy” rating and set a $63.00 target price on shares of Criteo in a research note on Friday, September 22nd. Finally, Deutsche Bank decreased their target price on Criteo to $58.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.44.

Criteo (NASDAQ CRTO) opened at $25.17 on Friday. The company has a market capitalization of $1,404.42, a PE ratio of 15.27, a PEG ratio of 0.70 and a beta of 2.50. Criteo has a fifty-two week low of $22.00 and a fifty-two week high of $56.00.

In other Criteo news, CFO Benoit Fouilland sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $46.02, for a total value of $287,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Eichmann sold 5,598 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.61, for a total value of $232,932.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,575 shares of company stock valued at $2,070,376. 5.60% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in CRTO. Geode Capital Management LLC lifted its position in shares of Criteo by 17.9% in the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock worth $1,612,000 after acquiring an additional 4,888 shares during the period. Legal & General Group Plc lifted its position in shares of Criteo by 53.3% in the 2nd quarter. Legal & General Group Plc now owns 229,206 shares of the information services provider’s stock worth $11,056,000 after acquiring an additional 79,715 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Criteo by 53.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock worth $737,000 after acquiring an additional 5,233 shares during the period. Victory Capital Management Inc. lifted its position in shares of Criteo by 193.0% in the 2nd quarter. Victory Capital Management Inc. now owns 480,934 shares of the information services provider’s stock worth $23,590,000 after acquiring an additional 316,797 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in shares of Criteo in the 2nd quarter worth approximately $641,000. Institutional investors own 87.66% of the company’s stock.

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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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