Criteo (NASDAQ:CRTO) Upgraded at StockNews.com

Criteo (NASDAQ:CRTO) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other research analysts have also recently weighed in on CRTO. Macquarie boosted their price target on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company began coverage on Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective for the company. BMO Capital Markets lifted their price objective on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. DA Davidson cut their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.22.

Criteo Trading Up 3.9 %

Shares of NASDAQ:CRTO opened at $36.87 on Tuesday. The stock has a fifty day simple moving average of $40.53 and a two-hundred day simple moving average of $40.73. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Criteo has a 12-month low of $22.65 and a 12-month high of $49.93.

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares during the period. USA Financial Formulas acquired a new stake in Criteo in the 3rd quarter worth about $31,000. Farther Finance Advisors LLC acquired a new stake in Criteo in the 3rd quarter worth about $50,000. EverSource Wealth Advisors LLC boosted its holdings 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 worth $53,000 after buying an additional 1,250 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after buying an additional 718 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.