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

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a buy rating in a research report released on Tuesday morning.

A number of other analysts have also recently issued reports on the company. 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. BMO Capital Markets raised their price objective on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company initiated coverage on Criteo in a research note on Monday, October 28th. They set an “overweight” rating and a $70.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating and set a $56.00 target price on shares of Criteo in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Criteo presently has an average rating of “Moderate Buy” and an average price target of $51.22.

Criteo Stock Down 2.6 %

CRTO opened at $36.93 on Tuesday. Criteo has a 12-month low of $23.59 and a 12-month high of $49.93. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 25.12 and a beta of 1.02. The business has a 50 day moving average of $39.93 and a 200-day moving average of $40.70.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares in the company, valued at approximately $12,723,958.80. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds and other institutional investors have recently modified their holdings of the business. Alpha DNA Investment Management LLC bought a new position in shares of Criteo in the 2nd quarter valued at $473,000. Lord Abbett & CO. LLC boosted its holdings in shares of Criteo by 3.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after acquiring an additional 37,364 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Criteo during the 2nd quarter valued at $819,000. SG Americas Securities LLC acquired a new stake in shares of Criteo during the 2nd quarter valued at $248,000. Finally, Congress Asset Management Co. acquired a new stake in shares of Criteo during the 3rd quarter valued at $48,653,000. Institutional investors 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.