StockNews.com Downgrades Criteo (NASDAQ:CRTO) to Hold

Criteo (NASDAQ:CRTO) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Several other equities research analysts have also issued reports on CRTO. Macquarie lifted their price objective on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. DA Davidson decreased their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $56.00 target price on shares of Criteo in a research report on Thursday, October 10th. Finally, Wells Fargo & Company began coverage on shares of Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Criteo presently has an average rating of “Moderate Buy” and an average price target of $51.22.

Criteo Price Performance

NASDAQ CRTO opened at $34.86 on Monday. The company’s 50 day simple moving average is $41.42 and its two-hundred day simple moving average is $40.75. Criteo has a 1 year low of $22.65 and a 1 year high of $49.93. The stock has a market capitalization of $1.95 billion, a PE ratio of 23.71 and a beta of 1.02.

Insider Activity

In related news, 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 transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 313,398 shares in the company, valued at approximately $12,723,958.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction on 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 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

Institutional investors have recently modified their holdings of the company. Congress Asset Management Co. bought a new position in Criteo during the 3rd quarter valued at approximately $48,653,000. Clearbridge Investments LLC purchased a new position in shares of Criteo during the second quarter valued at approximately $11,059,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Criteo by 518.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock valued at $3,259,000 after acquiring an additional 67,913 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Criteo by 93.2% in the second quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock worth $4,057,000 after acquiring an additional 51,870 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its position in shares of Criteo by 523.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock worth $2,233,000 after purchasing an additional 49,699 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.