Criteo (NASDAQ:CRTO) Stock Rating Lowered by StockNews.com

Criteo (NASDAQ:CRTO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other equities analysts have also weighed in on CRTO. Susquehanna decreased their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. DA Davidson decreased their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.89.

Criteo Stock Performance

NASDAQ:CRTO opened at $37.71 on Friday. The firm has a market cap of $2.08 billion, a P/E ratio of 25.66 and a beta of 1.06. Criteo has a fifty-two week low of $23.90 and a fifty-two week high of $49.93. The firm has a 50-day simple moving average of $40.09 and a two-hundred day simple moving average of $41.69.

Insider Buying and Selling at Criteo

In other Criteo news, insider Ryan Damon sold 2,885 shares of the 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 $116,438.60. Following the transaction, the insider now directly owns 118,334 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,765 shares of company stock worth $1,009,013 in the last three months. 1.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently made changes to their positions in the business. USA Financial Formulas purchased a new position in shares of Criteo during the third quarter worth approximately $31,000. Farther Finance Advisors LLC bought a new stake in Criteo during the 3rd quarter valued at $50,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after buying an additional 1,250 shares during the period. GAMMA Investing LLC grew its position in shares of 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 buying an additional 869 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of 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 buying an additional 2,500 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.