Criteo S.A. (NASDAQ:CRTO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Criteo S.A. (NASDAQ:CRTO) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $50.67.

A number of equities analysts have issued reports on the company. Benchmark reiterated a “buy” rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Susquehanna dropped their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. DA Davidson reduced their target price 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. Finally, Wells Fargo & Company started coverage on shares of Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price for the company.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value 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. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan Damon sold 2,885 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now directly owns 118,334 shares in the company, valued at $4,775,960.24. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,765 shares of company stock valued at $1,009,013. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whale Rock Capital Management LLC raised its position in shares of Criteo by 230.1% in the third 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 during the period. Congress Asset Management Co. purchased a new position in Criteo in the 3rd quarter valued at approximately $48,653,000. Lord Abbett & CO. LLC raised its holdings in Criteo by 42.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after acquiring an additional 547,718 shares during the period. Senvest Management LLC lifted its position in shares of Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after acquiring an additional 475,530 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of Criteo in the second quarter worth $11,059,000. Institutional investors own 94.27% of the company’s stock.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $40.52 on Wednesday. The company has a 50-day moving average price of $39.79 and a 200-day moving average price of $41.46. The stock has a market capitalization of $2.24 billion, a P/E ratio of 27.56 and a beta of 1.05. Criteo has a 1 year low of $23.87 and a 1 year high of $49.93.

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.