StockNews.com Upgrades Criteo (NASDAQ:CRTO) to Buy

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO - Free Report) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also recently issued reports on CRTO. Morgan Stanley increased their target price on Criteo from $35.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 23rd. DA Davidson cut their price objective on shares of Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. 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 report on Thursday, October 31st. Benchmark reissued a "buy" rating and issued a $56.00 price objective on shares of Criteo in a research note on Thursday, October 10th. Finally, Wells Fargo & Company assumed coverage on shares of Criteo in a research report on Monday, October 28th. They issued an "overweight" rating and a $70.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Criteo has a consensus rating of "Moderate Buy" and a consensus price target of $51.22.

Criteo Price Performance

Shares of CRTO traded up $0.01 on Tuesday, hitting $36.88. The company's stock had a trading volume of 303,702 shares, compared to its average volume of 368,508. The company has a 50 day moving average price of $40.53 and a 200 day moving average price of $40.73. Criteo has a fifty-two week low of $22.65 and a fifty-two week high of $49.93. The company has a market capitalization of $2.06 billion, a PE ratio of 25.08 and a beta of 1.02.

Insider Activity at Criteo

In other news, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the sale, the insider now directly owns 146,470 shares of the company's stock, valued at $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Brian Gleason sold 2,841 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares of the company's stock, valued at $6,019,917. This 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 that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

Institutional Trading of Criteo

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Criteo by 67.3% in the 2nd 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. USA Financial Formulas bought a new stake in Criteo during the third quarter worth about $31,000. Farther Finance Advisors LLC bought a new stake in Criteo during the third quarter worth about $50,000. EverSource Wealth Advisors LLC raised its holdings in Criteo by 868.1% in the second 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 raised its holdings in Criteo by 64.1% in the first 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. Hedge funds and other institutional investors own 94.27% of the company's stock.

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.