Criteo S.A. (NASDAQ:CRTO) Given Consensus Rating of “Hold” by Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.3333.

A number of research analysts have recently commented on the company. Benchmark lowered their target price on Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings lowered shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Zacks Research cut shares of Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. DA Davidson set a $38.00 target price on shares of Criteo in a research report on Thursday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Criteo in a report on Thursday, October 30th.

Criteo Trading Up 1.7%

Shares of Criteo stock opened at $20.74 on Wednesday. The stock has a 50 day moving average of $20.79 and a 200 day moving average of $22.80. Criteo has a 12 month low of $19.00 and a 12 month high of $47.26. The firm has a market cap of $1.09 billion, a PE ratio of 6.96 and a beta of 0.52.

Insider Buying and Selling

In related news, insider Ryan Damon sold 3,394 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $19.51, for a total value of $66,216.94. Following the completion of the sale, the insider directly owned 117,508 shares in the company, valued at $2,292,581.08. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernst 02494 Teunissen acquired 4,403 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $22.71 per share, for a total transaction of $99,992.13. Following the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 11,702 shares of company stock valued at $259,573 over the last quarter. Company insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Criteo

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Criteo in the second quarter worth about $30,000. Jones Financial Companies Lllp raised 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 buying an additional 1,184 shares during the period. Covestor Ltd lifted its stake in shares of Criteo by 125.2% during the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock worth $40,000 after acquiring an additional 980 shares during the last quarter. Parallel Advisors LLC boosted its holdings in 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 acquiring an additional 1,222 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Criteo by 81.2% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 1,290 shares during the period. 94.27% of the stock is 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.