Brokerages Set Criteo S.A. (NASDAQ:CRTO) Price Target at $50.67

Criteo S.A. (NASDAQ:CRTO) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $50.67.

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

Insider Activity

In other news, CEO Megan Clarken sold 9,284 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 $374,702.24. Following the completion of the transaction, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the sale, the chief financial officer now owns 311,878 shares in the company, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,972 shares of company stock worth $890,198. Company insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. GAMMA Investing LLC grew its position in shares of Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares during the period. Assetmark Inc. lifted its stake in Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after buying an additional 424 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Criteo by 3.5% in the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after buying an additional 518 shares during the period. Geode Capital Management LLC lifted its position in Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock valued at $1,978,000 after acquiring an additional 518 shares in the last quarter. Finally, Waterfront Wealth Inc. increased its holdings in Criteo by 1.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after purchasing an additional 686 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Price Performance

CRTO stock opened at $40.82 on Friday. The company’s 50 day simple moving average is $39.27 and its 200-day simple moving average is $40.97. The firm has a market capitalization of $2.25 billion, a P/E ratio of 27.77 and a beta of 1.02. Criteo has a 52-week low of $23.87 and a 52-week high of $49.93.

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.