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

Criteo S.A. (NASDAQ:CRTO) has been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $51.22.

A number of research analysts recently weighed in on the company. DA Davidson dropped their price target on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $56.00 price target on shares of Criteo in a research note on Thursday, October 10th. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. BMO Capital Markets boosted their price objective on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Macquarie boosted their price objective on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd.

Insider Activity

In other news, insider Brian Gleason sold 2,841 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares of the company’s stock, valued at $6,019,917. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Criteo in the third quarter worth about $31,000. Farther Finance Advisors LLC bought a new stake in shares of Criteo in the third quarter worth about $50,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $53,000 after buying an additional 1,250 shares during the period. Finally, Covestor Ltd lifted its holdings in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after buying an additional 718 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Price Performance

Shares of NASDAQ:CRTO opened at $34.40 on Tuesday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 23.40 and a beta of 1.02. The business’s 50-day moving average is $41.98 and its 200-day moving average is $40.75. Criteo has a 1 year low of $22.65 and a 1 year high of $49.93.

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.