Criteo (NASDAQ:CRTO) Stock Rating Lowered by StockNews.com

Criteo (NASDAQ:CRTO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other research firms also recently issued reports on CRTO. Wells Fargo & Company dropped their price objective on shares of Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday. Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. DA Davidson decreased their target price on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Susquehanna reduced their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Criteo has a consensus rating of “Moderate Buy” and an average price target of $49.89.

Criteo Trading Up 0.6 %

Shares of Criteo stock traded up $0.23 during trading on Friday, hitting $37.71. The stock had a trading volume of 329,268 shares, compared to its average volume of 388,333. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 25.66 and a beta of 1.06. The business’s 50-day moving average is $40.09 and its 200 day moving average is $41.67. Criteo has a 12 month low of $23.90 and a 12 month high of $49.93.

Insiders Place Their Bets

In other news, CEO Megan Clarken sold 9,284 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the sale, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan Damon sold 2,793 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the transaction, the insider now owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,765 shares of company stock worth $1,009,013. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its holdings in shares of Criteo by 18.5% during the second quarter. Federated Hermes Inc. now owns 56,550 shares of the information services provider’s stock valued at $2,133,000 after buying an additional 8,823 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Criteo by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 69,527 shares of the information services provider’s stock valued at $2,623,000 after acquiring an additional 976 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Criteo by 40.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,266 shares of the information services provider’s stock worth $538,000 after purchasing an additional 4,142 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Criteo during the 2nd quarter valued at about $819,000. Finally, Sei Investments Co. increased its position in shares of Criteo by 1.6% during the 2nd quarter. Sei Investments Co. now owns 102,768 shares of the information services provider’s stock valued at $3,876,000 after purchasing an additional 1,582 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.