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

Criteo S.A. (NASDAQ:CRTO) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $50.67.

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

Criteo Price Performance

CRTO opened at $41.00 on Wednesday. The company’s 50 day simple moving average is $39.88 and its two-hundred day simple moving average is $41.43. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 27.89 and a beta of 1.05. Criteo has a 1-year low of $23.87 and a 1-year high of $49.93.

Insider Buying and Selling

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares in the company, valued at $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,765 shares of company stock valued at $1,009,013. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. USA Financial Formulas purchased a new position in Criteo in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC acquired a new stake in shares of Criteo in the third quarter valued at $50,000. EverSource Wealth Advisors LLC boosted 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 valued at $53,000 after purchasing an additional 1,250 shares during the period. GAMMA Investing LLC grew its stake in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after purchasing an additional 869 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Criteo by 312.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.