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

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

A number of brokerages have recently issued reports on CRTO. StockNews.com cut shares of Criteo from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Benchmark reissued a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Susquehanna lowered their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. DA Davidson cut their target price on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 2,793 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $42.54, for a total value of $118,814.22. Following the transaction, the insider now owns 115,646 shares in the company, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value 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 $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,323 shares of company stock worth $788,067. 1.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Criteo

Several institutional investors have recently added to or reduced their stakes in CRTO. USA Financial Formulas purchased a new position in shares of Criteo in the third quarter worth about $31,000. Farther Finance Advisors LLC purchased a new stake in shares of Criteo during the 3rd quarter valued at approximately $50,000. EverSource Wealth Advisors LLC grew its stake in Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after buying an additional 1,250 shares in the last quarter. GAMMA Investing LLC raised its holdings in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 869 shares during the period. Finally, Point72 Asset Management L.P. lifted its position 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 worth $124,000 after acquiring an additional 2,500 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Trading Down 1.2 %

NASDAQ CRTO opened at $37.84 on Friday. The company has a market cap of $2.09 billion, a P/E ratio of 25.74 and a beta of 1.06. The company has a fifty day simple moving average of $40.14 and a 200 day simple moving average of $41.64. Criteo has a 12-month low of $25.12 and a 12-month high of $49.93.

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.