Wells Fargo & Company Cuts Criteo (NASDAQ:CRTO) Price Target to $63.00

Criteo (NASDAQ:CRTO) had its price target reduced by Wells Fargo & Company from $66.00 to $63.00 in a research note published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information services provider’s stock.

Several other research analysts also recently commented on CRTO. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Susquehanna cut their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. DA Davidson reduced their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

Criteo Stock Down 1.0 %

Shares of NASDAQ:CRTO opened at $37.48 on Thursday. The firm has a market capitalization of $2.07 billion, a PE ratio of 25.50 and a beta of 1.06. The company has a 50-day moving average price of $40.04 and a two-hundred day moving average price of $41.67. Criteo has a twelve month low of $23.90 and a twelve month high of $49.93.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,765 shares of company stock valued at $1,009,013. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in Criteo during the third quarter worth about $31,000. Farther Finance Advisors LLC purchased a new position in shares of Criteo during the 3rd quarter valued at about $50,000. EverSource Wealth Advisors LLC lifted its position in Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after buying an additional 1,250 shares during the last quarter. GAMMA Investing LLC boosted its stake in Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Criteo by 312.5% during the second quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 2,500 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.