Criteo (NASDAQ:CRTO) Upgraded at StockNews.com

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

Other equities research analysts have also recently issued research reports about the stock. KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. BMO Capital Markets lifted their price objective on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Susquehanna reduced their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, DA Davidson reduced their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.22.

Criteo Trading Up 1.9 %

NASDAQ:CRTO opened at $37.92 on Tuesday. The stock has a 50 day simple moving average of $40.08 and a 200 day simple moving average of $40.69. The stock has a market cap of $2.09 billion, a P/E ratio of 25.80 and a beta of 1.02. Criteo has a 1-year low of $23.59 and a 1-year high of $49.93.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at approximately $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several large investors have recently modified their holdings of CRTO. Susquehanna Fundamental Investments LLC acquired a new stake in Criteo in the first quarter valued at $333,000. Sei Investments Co. increased its position in Criteo by 0.8% during the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after purchasing an additional 768 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Criteo by 3.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock worth $38,608,000 after buying an additional 37,364 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Criteo by 0.3% in the first quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock valued at $76,972,000 after buying an additional 6,698 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares during the last quarter. 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.