Criteo S.A. (NASDAQ:CRTO) Receives $50.67 Consensus Target Price from Brokerages

Criteo S.A. (NASDAQ:CRTO) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $50.67.

A number of research firms have weighed in on CRTO. Wells Fargo & Company began coverage on shares of Criteo in a report on Monday, October 28th. They set an “overweight” rating and a $70.00 price objective on the stock. Susquehanna cut their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. 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, StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th.

Insider Buying and Selling at Criteo

In related 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 completion of the transaction, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at $12,587,396.08. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ryan Damon sold 2,885 shares of Criteo 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 completion of the sale, the insider now directly owns 118,334 shares in the company, valued at $4,775,960.24. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,765 shares of company stock worth $1,009,013. 1.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Criteo

A number of large investors have recently modified their holdings of the business. Alpha DNA Investment Management LLC purchased a new stake in shares of Criteo in the second quarter valued at approximately $473,000. Charles Schwab Investment Management Inc. boosted its position in shares of Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after purchasing an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Criteo during the 3rd quarter worth $1,405,000. Inspire Investing LLC acquired a new stake in shares of Criteo in the second quarter valued at about $819,000. Finally, Stifel Financial Corp boosted its holdings in Criteo by 263.5% during the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after buying an additional 15,067 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $40.52 on Wednesday. The stock’s 50-day simple moving average is $39.84 and its 200-day simple moving average is $41.42. The firm has a market capitalization of $2.24 billion, a PE ratio of 27.56 and a beta of 1.05. Criteo has a fifty-two week low of $23.87 and a fifty-two week high of $49.93.

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.