Criteo (NASDAQ:CRTO) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Criteo (NASDAQ:CRTO) from a buy rating to a hold rating in a report issued on Friday morning.

Other equities analysts have also recently issued reports about the company. Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Wells Fargo & Company cut their target price on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday. Susquehanna decreased their price target 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. Finally, 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 note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Criteo has an average rating of “Moderate Buy” and a consensus price target of $49.89.

Criteo Stock Performance

NASDAQ CRTO opened at $37.71 on Friday. The company has a market capitalization of $2.08 billion, a P/E ratio of 25.66 and a beta of 1.06. Criteo has a 52-week low of $23.90 and a 52-week high of $49.93. The company has a fifty day moving average of $40.09 and a 200-day moving average of $41.67.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. The trade was a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Damon sold 2,793 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 115,646 shares of the company’s stock, valued at $4,919,580.84. The trade was a 2.36 % 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 in the last three months. 1.71% of the stock is owned by insiders.

Institutional Trading of Criteo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Senvest Management LLC increased its position in Criteo by 19.6% during the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after purchasing an additional 475,530 shares during the period. Whale Rock Capital Management LLC boosted its stake in shares of Criteo by 230.1% during the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after purchasing an additional 1,756,507 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Criteo by 42.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after buying an additional 547,718 shares during the period. Congress Asset Management Co. purchased a new position in shares of Criteo during the third quarter valued at about $48,653,000. Finally, BNP Paribas Financial Markets raised its stake in Criteo by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock worth $17,602,000 after buying an additional 103,593 shares in 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.