Criteo (NASDAQ:CRTO) Upgraded at Wells Fargo & Company

Criteo (NASDAQ:CRTOGet Free Report) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday, Briefing.com reports. The brokerage currently has a $41.00 target price on the information services provider’s stock, up from their previous target price of $28.00. Wells Fargo & Company‘s target price would suggest a potential upside of 32.99% from the stock’s current price.

CRTO has been the topic of several other reports. KeyCorp started coverage on shares of Criteo in a report on Tuesday, October 24th. They set an “overweight” rating and a $40.00 target price on the stock. Morgan Stanley lowered their price objective on shares of Criteo from $38.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 3rd. BMO Capital Markets started coverage on shares of Criteo in a report on Tuesday, January 9th. They issued a “market perform” rating and a $28.00 price objective on the stock. Finally, Susquehanna lowered their price objective on shares of Criteo from $36.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Criteo currently has an average rating of “Hold” and a consensus target price of $36.11.

Check Out Our Latest Stock Report on Criteo

Criteo Stock Performance

Shares of CRTO stock opened at $30.83 on Thursday. The company has a market capitalization of $1.95 billion, a P/E ratio of 256.94 and a beta of 0.89. The company’s 50 day moving average price is $25.09 and its two-hundred day moving average price is $27.15. Criteo has a 52 week low of $22.10 and a 52 week high of $36.76.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 3,622 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $24.74, for a total transaction of $89,608.28. Following the transaction, the chief financial officer now directly owns 249,706 shares in the company, valued at $6,177,726.44. The sale was disclosed in a filing with the SEC, which is available through this link. In other Criteo news, CFO Sarah Js Glickman sold 3,622 shares of Criteo stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $24.74, for a total transaction of $89,608.28. Following the completion of the transaction, the chief financial officer now directly owns 249,706 shares of the company’s stock, valued at $6,177,726.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan Damon sold 1,652 shares of Criteo stock in a transaction on Monday, November 27th. The stock was sold at an average price of $24.79, for a total transaction of $40,953.08. Following the transaction, the insider now directly owns 125,997 shares of the company’s stock, valued at $3,123,465.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,716 shares of company stock worth $265,469. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Criteo

Institutional investors have recently modified their holdings of the business. Raymond James & Associates bought a new position in shares of Criteo in the first quarter worth about $644,000. Sei Investments Co. raised its holdings in Criteo by 78.3% in the 1st quarter. Sei Investments Co. now owns 71,541 shares of the information services provider’s stock valued at $1,942,000 after buying an additional 31,410 shares during the last quarter. Northern Trust Corp raised its holdings in Criteo by 169.6% in the 1st quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after buying an additional 10,177 shares during the last quarter. UBS Group AG raised its holdings in Criteo by 4.4% in the 1st quarter. UBS Group AG now owns 177,598 shares of the information services provider’s stock valued at $4,838,000 after buying an additional 7,472 shares during the last quarter. Finally, State Street Corp raised its holdings in Criteo by 72.1% in the 1st quarter. State Street Corp now owns 167,479 shares of the information services provider’s stock valued at $4,562,000 after buying an additional 70,173 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.

Criteo Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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