Criteo (NASDAQ:CRTO) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Criteo (NASDAQ:CRTO) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Several other research analysts also recently weighed in on the stock. KeyCorp downgraded shares of Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. DA Davidson dropped their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company started coverage on Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective on the stock. Finally, Morgan Stanley upped their target price on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $35.84 on Monday. The firm has a fifty day moving average of $40.98 and a 200 day moving average of $40.67. The firm has a market cap of $2.01 billion, a PE ratio of 24.38 and a beta of 1.02. Criteo has a one year low of $22.65 and a one year high of $49.93.

Insider Activity

In related news, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the transaction, the chief financial officer now directly owns 313,398 shares in the company, valued at approximately $12,723,958.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the insider now owns 146,470 shares in the company, valued at $6,019,917. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Seizert Capital Partners LLC acquired a new position in shares of Criteo in the 3rd quarter worth approximately $1,405,000. Crossmark Global Holdings Inc. acquired a new stake in Criteo in the 3rd quarter valued at approximately $441,000. Atria Investments Inc purchased a new stake in Criteo in the third quarter valued at approximately $250,000. Assetmark Inc. lifted its stake in Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after purchasing an additional 424 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Criteo by 3.5% during the third 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 period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.