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

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $50.67.

CRTO has been the topic of several analyst reports. Susquehanna reduced their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company assumed coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target on the stock. Benchmark restated a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. Finally, DA Davidson decreased 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.

Insider Activity

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the company’s 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 $374,702.24. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,972 shares of company stock valued at $890,198. 1.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRTO. GAMMA Investing LLC raised its position in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after acquiring an additional 297 shares during the last quarter. Assetmark Inc. increased its position in Criteo by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 424 shares during the period. QRG Capital Management Inc. raised its holdings in Criteo by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after purchasing an additional 518 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after purchasing an additional 518 shares during the period. Finally, Waterfront Wealth Inc. lifted its position in shares of Criteo by 1.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after purchasing an additional 686 shares during the period. 94.27% of the stock is owned by institutional investors.

Criteo Stock Down 3.7 %

Shares of Criteo stock opened at $40.78 on Friday. Criteo has a 12-month low of $23.87 and a 12-month high of $49.93. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 27.74 and a beta of 1.02. The firm’s 50-day moving average price is $39.32 and its two-hundred day moving average price is $40.87.

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.