Criteo (NASDAQ:CRTO) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Criteo (NASDAQ:CRTO) from a buy rating to a hold rating in a report released on Friday.

Several other research analysts also recently commented on CRTO. DA Davidson dropped their target price on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. Susquehanna decreased their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Wells Fargo & Company cut their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

Criteo Price Performance

NASDAQ CRTO opened at $37.71 on Friday. The stock’s 50-day moving average is $40.09 and its two-hundred day moving average is $41.71. Criteo has a fifty-two week low of $23.90 and a fifty-two week high of $49.93. The firm has a market cap of $2.08 billion, a P/E ratio of 25.66 and a beta of 1.06.

Insider Activity at Criteo

In other news, CEO Megan Clarken sold 9,284 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 509,145 shares in the company, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ryan Damon sold 2,885 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now owns 118,334 shares of the company’s stock, valued at $4,775,960.24. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,765 shares of company stock worth $1,009,013. 1.71% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Criteo in the 4th quarter valued at $510,000. JPMorgan Chase & Co. boosted its position in Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after buying an additional 80,424 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Criteo by 42.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after buying an additional 547,718 shares during the last quarter. 272 Capital LP acquired a new stake in shares of Criteo during the third quarter worth approximately $1,141,000. Finally, Barclays PLC raised its stake in shares of Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after acquiring an additional 1,787 shares during the last quarter. 94.27% of the stock is currently owned by 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.