Criteo (NASDAQ:CRTO) Trading 6.4% Higher – Here’s What Happened

Shares of Criteo S.A. (NASDAQ:CRTO) shot up 6.4% on Friday . The company traded as high as $20.76 and last traded at $20.8240. 49,288 shares were traded during trading, a decline of 89% from the average session volume of 444,966 shares. The stock had previously closed at $19.58.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Zacks Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Criteo in a research note on Thursday, October 30th. DA Davidson set a $38.00 price target on shares of Criteo in a research note on Thursday, October 30th. Finally, Benchmark reduced their price objective on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Criteo presently has an average rating of “Hold” and a consensus price target of $38.33.

Criteo Stock Up 7.6%

The stock has a market capitalization of $1.11 billion, a P/E ratio of 7.09 and a beta of 0.52. The company has a fifty day simple moving average of $20.89 and a two-hundred day simple moving average of $22.98.

Insiders Place Their Bets

In related news, Director Ernst 02494 Teunissen bought 4,403 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $22.71 per share, for a total transaction of $99,992.13. Following the acquisition, the director owned 12,468 shares of the company’s stock, valued at approximately $283,148.28. This represents a 54.59% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $77,688.82. Following the completion of the transaction, the chief financial officer directly owned 353,227 shares in the company, valued at approximately $6,891,458.77. The trade was a 1.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have acquired a total of 11,702 shares of company stock valued at $259,573 over the last 90 days. 1.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Criteo in the 2nd quarter valued at about $30,000. Covestor Ltd grew its holdings in shares of Criteo by 125.2% during the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock worth $40,000 after buying an additional 980 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after buying an additional 1,184 shares in the last quarter. Parallel Advisors LLC raised its position in Criteo by 142.3% in 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 during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Criteo by 21.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock valued at $66,000 after acquiring an additional 511 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.