Criteo (NASDAQ:CRTO) Upgraded to “Buy” at StockNews.com

Criteo (NASDAQ:CRTO) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other analysts also recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Wells Fargo & Company cut their price objective on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Susquehanna decreased their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, DA Davidson cut their target price on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Criteo has an average rating of “Moderate Buy” and an average target price of $49.89.

Criteo Price Performance

Shares of Criteo stock opened at $37.98 on Friday. Criteo has a 1 year low of $25.63 and a 1 year high of $49.93. The firm has a market cap of $2.10 billion, a PE ratio of 25.84 and a beta of 1.06. The company has a 50 day simple moving average of $40.17 and a two-hundred day simple moving average of $41.57.

Insider Transactions at Criteo

In other Criteo news, insider Ryan Damon sold 2,885 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $116,438.60. Following the sale, the insider now directly owns 118,334 shares of the company’s stock, valued at $4,775,960.24. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 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 $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 19,617 shares of company stock valued at $787,141 over the last quarter. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

Hedge funds have recently made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of Criteo in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC bought a new stake in Criteo in the third quarter worth $50,000. GAMMA Investing LLC boosted its stake in Criteo by 117.8% during the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares during the period. Point72 Asset Management L.P. increased its position in Criteo by 312.5% during the second quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 1,840 shares during the period. 94.27% of the stock is currently owned by hedge funds and other 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.