Criteo (NASDAQ:CRTO) was upgraded by investment analysts at Macquarie to an “outperform” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently issued reports on CRTO. SunTrust Banks set a $35.00 price objective on Criteo and gave the stock a “buy” rating in a research note on Thursday. Citigroup cut Criteo from a “buy” rating to a “neutral” rating in a research note on Friday. JMP Securities cut Criteo from an “outperform” rating to a “market perform” rating in a research note on Friday. Stifel Nicolaus reiterated a “hold” rating on shares of Criteo in a research note on Thursday. Finally, TheStreet cut Criteo from a “b-” rating to a “c+” rating in a research note on Monday, November 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.11.

Shares of Criteo (NASDAQ:CRTO) opened at $24.42 on Friday. The company has a market capitalization of $1,925.13, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 0.96 and a beta of 2.50. Criteo has a 12 month low of $22.00 and a 12 month high of $56.00.

In related news, CEO Eric Eichmann sold 5,598 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $41.61, for a total value of $232,932.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Benoit Fouilland sold 6,250 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $46.02, for a total value of $287,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,575 shares of company stock worth $2,070,376. Insiders own 5.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Criteo by 3.2% in 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 in the last quarter. Private Advisor Group LLC raised its position in Criteo by 6.4% in the second quarter. Private Advisor Group LLC now owns 14,080 shares of the information services provider’s stock valued at $703,000 after purchasing an additional 850 shares during the last quarter. Pictet & Cie Europe SA raised its position in Criteo by 23.5% in the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 1,040 shares during the last quarter. Stifel Financial Corp raised its position in Criteo by 8.3% in the second quarter. Stifel Financial Corp now owns 18,279 shares of the information services provider’s stock valued at $895,000 after purchasing an additional 1,396 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Criteo by 2.3% in 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 purchasing an additional 1,400 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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