Criteo S.A. (NASDAQ:CRTO) Receives Average Recommendation of “Moderate Buy” from Analysts

Criteo S.A. (NASDAQ:CRTO) has been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $50.67.

Several research firms recently commented on CRTO. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company initiated coverage on Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective on the stock. Susquehanna decreased their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. DA Davidson dropped their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Benchmark restated a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th.

Insider Transactions at Criteo

In related news, insider Ryan Damon sold 2,885 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now owns 118,334 shares in the company, valued at $4,775,960.24. The trade was a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,765 shares of company stock worth $1,009,013. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Formulas purchased a new position in Criteo during the 3rd quarter worth $31,000. Farther Finance Advisors LLC acquired a new position in shares of Criteo during the third quarter worth about $50,000. EverSource Wealth Advisors LLC raised its holdings in Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares in the last quarter. GAMMA Investing LLC lifted its position in Criteo by 117.8% in the third 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 period. Finally, Point72 Asset Management L.P. boosted its holdings 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 valued at $124,000 after purchasing an additional 2,500 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Stock Down 2.9 %

NASDAQ CRTO opened at $41.00 on Wednesday. Criteo has a 52 week low of $23.87 and a 52 week high of $49.93. The firm has a 50 day moving average of $39.88 and a two-hundred day moving average of $41.43. The stock has a market capitalization of $2.26 billion, a PE ratio of 27.89 and a beta of 1.05.

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.