Criteo (NASDAQ:CRTO) Shares Up 6.4% – Here’s What Happened

Criteo S.A. (NASDAQ:CRTO) traded up 6.4% during mid-day trading on Friday . The company traded as high as $20.76 and last traded at $20.8240. Approximately 49,288 shares traded hands during trading, a decline of 89% from the average session volume of 444,966 shares. The stock had previously closed at $19.58.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CRTO shares. DA Davidson set a $38.00 price target on shares of Criteo in a research note on Thursday, October 30th. BMO Capital Markets reiterated an “outperform” rating and set a $40.00 target price on shares of Criteo in a research note on Thursday, October 30th. Weiss Ratings downgraded Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Zacks Research cut Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Benchmark reduced their target price on shares of Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.33.

Criteo Stock Performance

The company has a fifty day simple moving average of $20.87 and a two-hundred day simple moving average of $22.90. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.05 and a beta of 0.52.

Insider Activity

In other news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $21.52 per share, with a total value of $107,600.00. Following the completion of the purchase, the director directly owned 21,600 shares of the company’s stock, valued at $464,832. The trade was a 30.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ernst 02494 Teunissen bought 4,403 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $22.71 per share, with a total value of $99,992.13. Following the completion of the purchase, the director directly owned 12,468 shares of the company’s stock, valued at approximately $283,148.28. The trade was a 54.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 11,702 shares of company stock valued at $259,573 in the last 90 days. 1.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Criteo in the second quarter valued at about $30,000. Jones Financial Companies Lllp lifted its holdings in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the last quarter. Covestor Ltd boosted its stake in shares of Criteo by 125.2% in the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Criteo by 81.2% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock worth $69,000 after purchasing an additional 1,290 shares in the last quarter. Institutional investors and hedge funds 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.