Criteo (NASDAQ:CRTO) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a buy rating in a research note released on Tuesday.

CRTO has been the subject of several other research reports. Macquarie boosted their price objective on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company began coverage on shares of Criteo in a research report on Monday, October 28th. They set an “overweight” rating and a $70.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their target price on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, DA Davidson decreased their target price on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Criteo presently has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Stock Up 1.9 %

Shares of NASDAQ CRTO opened at $37.92 on Tuesday. The company has a market cap of $2.09 billion, a P/E ratio of 25.80 and a beta of 1.02. Criteo has a 52 week low of $23.59 and a 52 week high of $49.93. The business has a 50-day simple moving average of $40.08 and a two-hundred day simple moving average of $40.69.

Insiders Place Their Bets

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 directly owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now owns 313,398 shares of the company’s stock, valued at $12,723,958.80. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Criteo

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares during the last quarter. Assetmark Inc. grew its position in shares of Criteo by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after buying an additional 424 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after buying an additional 518 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Criteo by 5.2% during the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after buying an additional 682 shares during the period. Finally, Waterfront Wealth Inc. raised its holdings in shares of Criteo by 1.2% during the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after acquiring an additional 686 shares in the last quarter. Hedge funds and other institutional investors 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.