Criteo S.A. (NASDAQ:CRTO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $49.89.

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

Criteo Price Performance

NASDAQ:CRTO opened at $37.71 on Friday. Criteo has a 1 year low of $23.90 and a 1 year high of $49.93. The business has a fifty day simple moving average of $40.09 and a two-hundred day simple moving average of $41.69. The company has a market capitalization of $2.08 billion, a P/E ratio of 25.66 and a beta of 1.06.

Insider Activity at Criteo

In other 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 value of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 1.71 % 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, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the transaction, the insider now directly owns 115,646 shares of the company’s stock, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,765 shares of company stock worth $1,009,013 over the last ninety days. 1.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in Criteo in the fourth quarter worth approximately $510,000. JPMorgan Chase & Co. lifted its position in shares of Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after buying an additional 80,424 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Criteo by 42.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after acquiring an additional 547,718 shares during the last quarter. 272 Capital LP purchased a new position in shares of Criteo in the 3rd quarter worth $1,141,000. Finally, Barclays PLC grew its position in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

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.