Ryan Damon Sells 2,885 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 2,885 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 $116,438.60. Following the completion of the sale, the insider now directly owns 118,334 shares of the company’s stock, valued at $4,775,960.24. The trade was a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Criteo Stock Up 1.9 %

Shares of Criteo stock opened at $42.34 on Thursday. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93. The company’s 50 day moving average is $39.32 and its 200 day moving average is $40.85. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 28.28 and a beta of 1.02.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC bought a new position in Criteo in the first quarter valued at about $231,000. Quadrature Capital Ltd purchased a new position in shares of Criteo in the first quarter worth approximately $213,000. Cetera Advisors LLC bought a new stake in Criteo during the first quarter valued at approximately $424,000. GAMMA Investing LLC increased its holdings in Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after buying an additional 297 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Criteo by 64.0% during the second quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider’s stock valued at $566,000 after buying an additional 5,854 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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 price objective for the company. BMO Capital Markets increased their target price on Criteo from $45.00 to $55.00 and gave the stock 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 stock a “neutral” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, DA Davidson reduced their price objective 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. 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.com, Criteo has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

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.