Criteo (CRTO) Upgraded at KeyCorp

Criteo (NASDAQ:CRTO) was upgraded by KeyCorp to an “overweight” rating in a research note issued to investors on Wednesday, The Fly reports.

Other equities research analysts have also issued reports about the company. BMO Capital Markets restated a “buy” rating and issued a $70.00 price target on shares of Criteo in a research report on Wednesday, October 18th. Zacks Investment Research lowered Criteo from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Deutsche Bank dropped their price target on Criteo to $58.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Jefferies Group lowered Criteo from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Cowen lowered Criteo from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.19.

Criteo (NASDAQ CRTO) traded up $6.86 during trading hours on Wednesday, reaching $30.25. The company’s stock had a trading volume of 6,010,397 shares, compared to its average volume of 990,787. Criteo has a 52 week low of $21.00 and a 52 week high of $56.00. The stock has a market cap of $1,512.56, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.12 and a beta of 2.25.

In related news, CEO Eric Eichmann sold 7,153 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $24.87, for a total value of $177,895.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total value of $31,247.58. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH grew its position in Criteo by 7.9% in the third quarter. Allianz Asset Management GmbH now owns 3,468,771 shares of the information services provider’s stock worth $143,954,000 after acquiring an additional 253,120 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its position in Criteo by 2.2% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,405,330 shares of the information services provider’s stock worth $62,610,000 after acquiring an additional 51,370 shares during the period. Epoch Investment Partners Inc. grew its position in Criteo by 11.0% in the third quarter. Epoch Investment Partners Inc. now owns 2,150,458 shares of the information services provider’s stock worth $89,244,000 after acquiring an additional 213,124 shares during the period. Comgest Global Investors S.A.S. grew its position in Criteo by 1.2% in the third quarter. Comgest Global Investors S.A.S. now owns 1,953,430 shares of the information services provider’s stock worth $81,067,000 after acquiring an additional 22,738 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Criteo by 15.4% in the third quarter. Ameriprise Financial Inc. now owns 1,826,181 shares of the information services provider’s stock worth $75,771,000 after acquiring an additional 244,024 shares during the period. Institutional investors own 80.06% of the company’s stock.

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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.

The Fly

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