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

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

A number of other equities analysts have also recently weighed in on CRTO. Morgan Stanley upped their price objective on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets raised their price target on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. DA Davidson lowered their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Finally, 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 note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Criteo has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Stock Performance

CRTO opened at $36.88 on Tuesday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 25.09 and a beta of 1.02. The company has a fifty day moving average of $40.38 and a two-hundred day moving average of $40.74. Criteo has a fifty-two week low of $22.65 and a fifty-two week high of $49.93.

Insider Activity

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. In related news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Several institutional investors have recently added to or reduced their stakes in the stock. Senvest Management LLC boosted its position in shares of Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after buying an additional 475,530 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after purchasing an additional 21,509 shares during the period. Seizert Capital Partners LLC purchased a new position in shares of Criteo in the third quarter valued at approximately $1,405,000. Crossmark Global Holdings Inc. acquired a new position in shares of Criteo in the third quarter valued at approximately $441,000. Finally, Atria Investments Inc purchased a new stake in Criteo during the 3rd quarter worth approximately $250,000. Institutional investors and hedge funds 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.