Criteo (CRTO) Shares Down 6.3%

Criteo SA (NASDAQ:CRTO) shares fell 6.3% during trading on Monday . The company traded as low as $24.57 and last traded at $24.75. 940,092 shares traded hands during mid-day trading, an increase of 125% from the average session volume of 417,993 shares. The stock had previously closed at $26.41.

A number of research firms recently commented on CRTO. Zacks Investment Research cut Criteo from a “hold” rating to a “sell” rating in a report on Monday, October 15th. KeyCorp lowered their price target on Criteo from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 1st. BidaskClub cut Criteo from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Nomura lowered their price target on Criteo from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, November 1st. Finally, ValuEngine raised Criteo from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued 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 PE ratio of 15.18, a P/E/G ratio of 3.62 and a beta of 1.36.

In other news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were acquired at an average cost of $23.42 per share, with a total value of $515,240.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.32% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Ruffer LLP bought a new position in shares of Criteo during the 3rd quarter valued at approximately $688,000. Vident Investment Advisory LLC bought a new position in shares of Criteo during the 3rd quarter valued at approximately $2,037,000. Bank of America Corp DE increased its position in shares of Criteo by 15,932.9% during the 2nd quarter. Bank of America Corp DE now owns 192,234 shares of the information services provider’s stock valued at $6,315,000 after purchasing an additional 191,035 shares during the last quarter. Shaker Investments LLC OH increased its position in shares of Criteo by 21.7% during the 3rd quarter. Shaker Investments LLC OH now owns 72,823 shares of the information services provider’s stock valued at $1,671,000 after purchasing an additional 12,965 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position 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 last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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Criteo Company Profile (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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