Criteo S.A. (NASDAQ:CRTO) Receives $50.67 Average PT from Analysts

Criteo S.A. (NASDAQ:CRTO) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $50.67.

CRTO has been the subject of several research reports. Susquehanna cut their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. DA Davidson lowered their price target 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. Benchmark reissued a “buy” rating and set a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company initiated coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price on the stock.

Criteo Stock Performance

CRTO opened at $40.52 on Wednesday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 27.56 and a beta of 1.05. Criteo has a one year low of $23.87 and a one year high of $49.93. The business’s fifty day moving average is $39.84 and its two-hundred day moving average is $41.42.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the transaction, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan Damon sold 2,793 shares of the firm’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 transaction of $118,814.22. Following the completion of the sale, the insider now directly owns 115,646 shares in the company, valued at $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,765 shares of company stock valued at $1,009,013. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Large investors have recently bought and sold shares of the stock. USA Financial Formulas purchased a new stake in shares of Criteo during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC acquired a new position in Criteo in the third quarter valued at $50,000. EverSource Wealth Advisors LLC grew its position in Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the period. GAMMA Investing LLC grew its position in Criteo by 117.8% during the third 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. increased its stake 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 worth $124,000 after acquiring an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors 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.