Analysts Set Criteo S.A. (NASDAQ:CRTO) Price Target at $38.33

Criteo S.A. (NASDAQ:CRTO) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.3333.

A number of brokerages recently commented on CRTO. BMO Capital Markets reiterated an “outperform” rating and set a $40.00 price target on shares of Criteo in a report on Thursday, October 30th. DA Davidson set a $38.00 target price on Criteo in a research report on Thursday, October 30th. Weiss Ratings cut Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Zacks Research lowered shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Benchmark lowered their price objective on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 3,982 shares of Criteo stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $77,688.82. Following the sale, the chief financial officer owned 353,227 shares of the company’s stock, valued at approximately $6,891,458.77. The trade was a 1.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ernst 02494 Teunissen acquired 4,403 shares of Criteo stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $22.71 per share, with a total value of $99,992.13. Following the completion of the acquisition, the director owned 12,468 shares of the company’s stock, valued at $283,148.28. This trade represents a 54.59% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 11,702 shares of company stock worth $259,573. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Criteo during the second quarter valued at about $30,000. Jones Financial Companies Lllp raised its position in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares during the period. Covestor Ltd raised its position in shares of Criteo by 125.2% in the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares during the period. Parallel Advisors LLC lifted its stake in shares of Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after buying an additional 1,222 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Criteo by 81.2% in the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock worth $69,000 after buying an additional 1,290 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Stock Up 2.0%

CRTO stock traded up $0.43 during trading on Wednesday, reaching $21.31. The stock had a trading volume of 57,010 shares, compared to its average volume of 445,253. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.15 and a beta of 0.52. Criteo has a one year low of $19.00 and a one year high of $47.26. The company’s 50 day moving average is $20.70 and its two-hundred day moving average is $22.62.

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.