Criteo S.A. (CRTO) Receives “Buy” Rating from BMO Capital Markets
A number of other brokerages have also recently commented on CRTO. KeyCorp initiated coverage on Criteo in a research report on Monday, July 31st. They issued an overweight rating and a $62.00 price target for the company. Jefferies Group LLC cut Criteo from a buy rating to a hold rating in a research report on Thursday. Zacks Investment Research cut Criteo from a hold rating to a sell rating in a research report on Thursday, October 19th. Macquarie started coverage on Criteo in a research report on Thursday, October 12th. They set a neutral rating and a $51.00 target price for the company. Finally, Cowen and Company reiterated an outperform rating and set a $61.00 target price (up previously from $60.00) on shares of Criteo in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $54.32.
Shares of Criteo (NASDAQ:CRTO) traded up $0.29 on Thursday, reaching $37.96. The company’s stock had a trading volume of 856,691 shares, compared to its average volume of 983,764. The stock has a market capitalization of $2,294.21, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.10 and a beta of 2.64. Criteo has a fifty-two week low of $36.63 and a fifty-two week high of $56.00.
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In other news, CRO Mary Spilman sold 5,000 shares of Criteo stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $37.88, for a total value of $189,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Dan Teodosiu sold 1,500 shares of Criteo stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $50.10, for a total value of $75,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 224,075 shares of company stock worth $10,615,640 over the last 90 days. 5.60% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in CRTO. BT Investment Management Ltd purchased a new position in shares of Criteo in the 2nd quarter valued at $50,555,000. Epoch Investment Partners Inc. grew its stake in Criteo by 81.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock worth $95,027,000 after buying an additional 868,634 shares during the last quarter. Sarasin & Partners LLP purchased a new position in Criteo during the 2nd quarter worth $39,876,000. TD Asset Management Inc. grew its stake in Criteo by 95.5% during the 2nd quarter. TD Asset Management Inc. now owns 1,153,744 shares of the information services provider’s stock worth $56,591,000 after buying an additional 563,682 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in Criteo by 4,897.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 529,740 shares of the information services provider’s stock worth $10,800,000 after buying an additional 519,140 shares during the last quarter. Institutional investors and hedge funds own 84.66% of the company’s stock.
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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