Brokerages Set Criteo S.A. (NASDAQ:CRTO) PT at $50.67

Criteo S.A. (NASDAQ:CRTO) has received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $50.67.

Several equities research analysts recently weighed in on the company. DA Davidson cut 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. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. Wells Fargo & Company started coverage on shares of Criteo in a report on Monday, October 28th. They set an “overweight” rating and a $70.00 target price on the stock. Finally, Susquehanna decreased their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st.

Criteo Price Performance

Shares of Criteo stock opened at $40.52 on Wednesday. The company’s 50 day moving average price is $39.79 and its two-hundred day moving average price is $41.46. The firm has a market capitalization of $2.24 billion, a P/E ratio of 27.56 and a beta of 1.05. Criteo has a fifty-two week low of $23.87 and a fifty-two week high of $49.93.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan Damon sold 2,885 shares of Criteo stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $116,438.60. Following the completion of the sale, the insider now owns 118,334 shares of the company’s stock, valued at $4,775,960.24. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,765 shares of company stock valued at $1,009,013 over the last quarter. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Senvest Management LLC raised its holdings 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 valued at $116,526,000 after purchasing an additional 475,530 shares during the period. Whale Rock Capital Management LLC increased its position in Criteo by 230.1% in the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after buying an additional 1,756,507 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Criteo by 42.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after buying an additional 547,718 shares during the period. Congress Asset Management Co. bought a new position in Criteo in the third quarter worth approximately $48,653,000. Finally, BNP Paribas Financial Markets grew its stake in Criteo by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after acquiring an additional 103,593 shares during the period. 94.27% of the stock is owned by institutional investors.

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.