Analysts Set Criteo S.A. (NASDAQ:CRTO) Price Target at $49.89

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $49.89.

A number of equities analysts have commented on the stock. Susquehanna dropped their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. DA Davidson dropped their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com lowered Criteo from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Wells Fargo & Company dropped their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Benchmark restated a “buy” rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th.

Criteo Trading Up 0.3 %

NASDAQ CRTO opened at $37.80 on Friday. Criteo has a 12 month low of $24.67 and a 12 month high of $49.93. The company’s 50-day moving average price is $40.12 and its 200-day moving average price is $41.69. The stock has a market cap of $2.09 billion, a PE ratio of 25.71 and a beta of 1.06.

Insider Buying and Selling

In other news, CFO Sarah Js Glickman sold 1,520 shares of Criteo stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $61,347.20. Following the transaction, the chief financial officer now owns 311,878 shares of the company’s stock, valued at $12,587,396.08. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Megan Clarken sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the transaction, the chief executive officer now owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,323 shares of company stock worth $788,067 in the last three months. 1.71% of the stock is owned by insiders.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently made changes to their positions in the business. USA Financial Formulas acquired a new position in Criteo during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC purchased a new stake in shares of Criteo during the third quarter worth about $50,000. EverSource Wealth Advisors LLC increased its holdings in shares of Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 869 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Criteo by 312.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

About Criteo

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.