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

Criteo S.A. (NASDAQ:CRTO) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $49.89.

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

Criteo Stock Down 1.2 %

NASDAQ:CRTO opened at $37.84 on Friday. Criteo has a twelve month low of $25.12 and a twelve month high of $49.93. The stock’s 50-day simple moving average is $40.14 and its 200 day simple moving average is $41.64. The firm has a market capitalization of $2.09 billion, a PE ratio of 25.74 and a beta of 1.06.

Insider Activity at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the sale, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,323 shares of company stock worth $788,067 over the last ninety days. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several institutional investors have recently added to or reduced their stakes in CRTO. USA Financial Formulas bought a new stake in shares of Criteo in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC acquired a new stake in Criteo in the third quarter worth $50,000. EverSource Wealth Advisors LLC increased its stake in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,250 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Criteo by 117.8% during 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 position in shares of 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 purchasing an additional 2,500 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.