Wells Fargo & Company Cuts Criteo (NASDAQ:CRTO) Price Target to $63.00

Criteo (NASDAQ:CRTO) had its price objective lowered by Wells Fargo & Company from $66.00 to $63.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the information services provider’s stock.

CRTO has been the subject of a number of other research reports. Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Susquehanna decreased their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, DA Davidson lowered their target price on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.89.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $37.71 on Thursday. Criteo has a 52-week low of $23.90 and a 52-week high of $49.93. The company has a market capitalization of $2.08 billion, a PE ratio of 25.66 and a beta of 1.06. The company has a fifty day moving average of $40.09 and a 200-day moving average of $41.69.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 2,793 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $42.54, for a total transaction of $118,814.22. Following the transaction, the insider now owns 115,646 shares in the company, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,765 shares of company stock worth $1,009,013. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of large investors have recently modified their holdings of the company. USA Financial Formulas bought a new stake in Criteo during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC bought a new stake in Criteo during the third quarter worth $50,000. EverSource Wealth Advisors LLC raised its position in Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after buying an additional 1,250 shares during the last quarter. GAMMA Investing LLC lifted its stake in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 869 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Criteo by 312.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after acquiring an additional 2,500 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Company Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.