Wells Fargo & Company Issues Pessimistic Forecast for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO) had its price target cut by Wells Fargo & Company from $66.00 to $63.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 67.05% from the stock’s previous close.

CRTO has been the topic of several other reports. Susquehanna reduced their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. StockNews.com raised shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, DA Davidson dropped their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.89.

Criteo Stock Performance

Shares of CRTO opened at $37.71 on Thursday. Criteo has a fifty-two week low of $23.90 and a fifty-two week high of $49.93. The company has a market capitalization of $2.08 billion, a PE ratio of 25.66 and a beta of 1.06. The stock has a fifty day moving average of $40.09 and a two-hundred day moving average of $41.67.

Insider Transactions at Criteo

In related news, CEO Megan Clarken sold 9,284 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 $374,702.24. Following the completion of the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were 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 in the company, valued at $6,019,917. This trade represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,765 shares of company stock valued at $1,009,013 over the last 90 days. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpha DNA Investment Management LLC purchased a new stake in shares of Criteo during the second quarter valued at approximately $473,000. Charles Schwab Investment Management Inc. increased its stake in Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after buying an additional 21,509 shares during the period. Seizert Capital Partners LLC acquired a new position in Criteo in the 3rd quarter worth $1,405,000. Stifel Financial Corp boosted its position in Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after buying an additional 15,067 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Criteo during the second quarter valued at about $819,000. 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.