Criteo (NASDAQ:CRTO) Upgraded by StockNews.com to "Buy" Rating

Criteo (NASDAQ:CRTO - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Friday.

Several other research firms have also weighed in on CRTO. Benchmark reaffirmed a "buy" rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. DA Davidson cut their price objective on Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Criteo from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Finally, Susquehanna lowered their target price on Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $49.89.

Criteo Stock Down 0.9 %

NASDAQ:CRTO traded down $0.33 during trading hours on Friday, reaching $37.66. The company had a trading volume of 543,236 shares, compared to its average volume of 413,966. The stock has a 50-day moving average of $40.13 and a two-hundred day moving average of $41.57. Criteo has a one year low of $25.75 and a one year high of $49.93. The firm has a market capitalization of $2.08 billion, a PE ratio of 25.62 and a beta of 1.05.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 1,520 shares of Criteo stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the completion of the sale, the chief financial officer now directly owns 311,878 shares of the company's stock, valued at $12,587,396.08. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Megan Clarken sold 9,284 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 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 $20,549,092.20. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,541 shares of company stock valued at $860,406. 1.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in Criteo in the third quarter worth $31,000. Farther Finance Advisors LLC bought a new stake in shares of Criteo in the 3rd quarter valued at $50,000. GAMMA Investing LLC raised its stake in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock worth $65,000 after buying an additional 869 shares during the period. Point72 Asset Management L.P. lifted its holdings in Criteo by 312.5% during the second quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider's stock worth $124,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider's stock valued at $139,000 after acquiring an additional 1,840 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

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.