Criteo S.A. (NASDAQ:CRTO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.89.

CRTO has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Criteo from $66.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday. Benchmark restated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. StockNews.com cut shares of Criteo from a "buy" rating to a "hold" rating in a research report on Friday. DA Davidson cut their price objective 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, Susquehanna decreased their target price on Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st.

Insider Transactions at Criteo

In other Criteo news, insider Ryan Damon sold 2,793 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total value of $118,814.22. Following the transaction, the insider now owns 115,646 shares of the company's stock, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the company'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 sale, the insider now directly owns 146,470 shares of the company's stock, valued at $6,019,917. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,765 shares of company stock worth $1,009,013 over the last three months. 1.71% of the stock is currently owned by company insiders.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. USA Financial Formulas bought a new position in shares of Criteo in the third quarter worth about $31,000. Farther Finance Advisors LLC purchased a new stake in shares of Criteo in the third quarter worth $50,000. EverSource Wealth Advisors LLC raised its position in shares of Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider's stock valued at $53,000 after purchasing an additional 1,250 shares during the period. GAMMA Investing LLC lifted its stake in shares of Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock valued at $65,000 after buying an additional 869 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings 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 worth $124,000 after buying an additional 2,500 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Up 0.6 %

Shares of Criteo stock traded up $0.23 on Friday, hitting $37.71. The stock had a trading volume of 329,268 shares, compared to its average volume of 260,190. The stock's 50-day simple moving average is $40.09 and its two-hundred day simple moving average is $41.71. Criteo has a one year low of $23.90 and a one year high of $49.93. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 25.66 and a beta of 1.06.

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.