Criteo SA (NASDAQ:CRTO)’s share price traded down 6.3% during trading on Monday . The stock traded as low as $24.57 and last traded at $24.75. 940,092 shares were traded during trading, an increase of 125% from the average session volume of 417,993 shares. The stock had previously closed at $26.41.
CRTO has been the subject of several recent analyst reports. Zacks Investment Research raised Criteo from a “sell” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday, October 25th. BMO Capital Markets lowered their price target on Criteo from $25.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, November 1st. Berenberg Bank set a $40.00 price target on Criteo and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. BidaskClub lowered Criteo from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. Finally, Citigroup lowered their price target on Criteo from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Criteo currently has an average rating of “Hold” and an average price target of $30.75.
The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.18, a PEG ratio of 3.62 and a beta of 1.36.
In other Criteo news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of Criteo stock in a transaction that occurred on Thursday, November 29th. The stock was bought at an average cost of $23.42 per share, for a total transaction of $515,240.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 3.32% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH grew its stake in shares of Criteo by 5.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,875,295 shares of the information services provider’s stock valued at $88,899,000 after purchasing an additional 196,590 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Criteo by 18.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,857,225 shares of the information services provider’s stock valued at $87,637,000 after purchasing an additional 599,720 shares during the period. First Manhattan Co. grew its stake in shares of Criteo by 4.3% during the 3rd quarter. First Manhattan Co. now owns 2,622,051 shares of the information services provider’s stock valued at $60,149,000 after purchasing an additional 106,922 shares during the period. Pictet Asset Management Ltd. grew its stake in shares of Criteo by 3.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,690,791 shares of the information services provider’s stock valued at $38,787,000 after purchasing an additional 51,487 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Criteo by 88.5% during the 4th quarter. Acadian Asset Management LLC now owns 1,102,069 shares of the information services provider’s stock valued at $25,040,000 after purchasing an additional 517,440 shares during the period. Institutional investors own 80.00% of the company’s stock.
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About Criteo (NASDAQ:CRTO)
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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