Cowen and Company downgraded shares of Criteo S.A. (NASDAQ:CRTO) from an outperform rating to a market perform rating in a research note issued to investors on Thursday.

Several other research firms have also weighed in on CRTO. 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 target on the stock. BMO Capital Markets reiterated a buy rating and set a $70.00 price target on shares of Criteo in a research report on Wednesday, September 13th. Jefferies Group LLC downgraded shares of Criteo from a buy rating to a hold rating in a research report on Thursday. Zacks Investment Research downgraded shares of Criteo from a hold rating to a sell rating in a research report on Thursday, October 19th. Finally, Macquarie initiated coverage on shares of Criteo in a research report on Thursday, October 12th. They set a neutral rating and a $51.00 price target on the stock. Two 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. The company presently has a consensus rating of Hold and a consensus price target of $54.32.

Shares of Criteo (NASDAQ CRTO) traded up $0.78 during trading on Thursday, reaching $37.67. 1,250,639 shares of the company’s stock traded hands, compared to its average volume of 984,327. The company has a market cap of $2,294.22, a price-to-earnings ratio of 24.95, a PEG 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, Director James Warner sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $51.49, for a total transaction of $64,362.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Mary Spilman sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 have sold a total of 219,075 shares of company stock valued at $10,426,240 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Criteo by 1.2% in the 2nd quarter. FMR LLC now owns 6,475,439 shares of the information services provider’s stock valued at $317,620,000 after buying an additional 76,439 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Criteo by 11.0% in 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 buying an additional 233,940 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Criteo by 81.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock valued at $95,027,000 after buying an additional 868,634 shares during the last quarter. Comgest Global Investors S.A.S. boosted its holdings in shares of Criteo by 1.8% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 1,930,692 shares of the information services provider’s stock valued at $94,700,000 after buying an additional 34,500 shares during the last quarter. Finally, Carmignac Gestion boosted its holdings in shares of Criteo by 1.1% in the 2nd quarter. Carmignac Gestion now owns 1,788,456 shares of the information services provider’s stock valued at $87,724,000 after buying an additional 19,316 shares during the last quarter. 84.31% of the stock is owned by institutional investors.

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)

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