Wells Fargo & Company Cuts Criteo (NASDAQ:CRTO) Price Target to $63.00

Criteo (NASDAQ:CRTO - Get Free Report) had its price objective reduced by analysts at Wells Fargo & Company from $66.00 to $63.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the information services provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 68.09% from the stock's current price.

A number of other brokerages also recently commented on CRTO. Benchmark reiterated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. StockNews.com raised shares of Criteo from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. DA Davidson dropped their price objective on shares of Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, Susquehanna lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.89.

Criteo Stock Down 1.0 %

NASDAQ CRTO traded down $0.37 during midday trading on Thursday, hitting $37.48. The company had a trading volume of 368,003 shares, compared to its average volume of 394,240. The firm has a fifty day simple moving average of $40.01 and a two-hundred day simple moving average of $41.70. Criteo has a fifty-two week low of $23.90 and a fifty-two week high of $49.93. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 25.50 and a beta of 1.06.

Insiders Place Their Bets

In related news, insider Ryan Damon sold 2,793 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the sale, the insider now owns 115,646 shares in the company, valued at $4,919,580.84. This represents a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sarah Js Glickman sold 1,520 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the sale, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,765 shares of company stock valued at $1,009,013 in the last 90 days. 1.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Large investors have recently modified their holdings of the business. USA Financial Formulas acquired a new position in shares of Criteo in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC bought a new stake in shares of Criteo in the third quarter valued at about $50,000. EverSource Wealth Advisors LLC boosted its holdings 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 worth $53,000 after purchasing an additional 1,250 shares during the last quarter. GAMMA Investing LLC grew its position in Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock valued at $65,000 after purchasing an additional 869 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Criteo by 312.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider's stock valued at $124,000 after buying an additional 2,500 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

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.