StockNews.com Upgrades Criteo (NASDAQ:CRTO) to Buy

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO) from a hold rating to a buy rating in a research note published on Friday morning.

CRTO has been the topic of a number of other reports. Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. Susquehanna reduced their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. DA Davidson dropped their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company reduced their target price on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and a consensus price target of $49.89.

Criteo Stock Performance

NASDAQ:CRTO opened at $37.99 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of 25.84 and a beta of 1.06. The stock’s fifty day moving average is $40.13 and its 200 day moving average is $41.55. Criteo has a fifty-two week low of $25.63 and a fifty-two week high of $49.93.

Insider Transactions at Criteo

In other Criteo news, insider Brian Gleason sold 3,135 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the transaction, the insider now owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sarah Js Glickman sold 1,520 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the completion of the sale, the chief financial officer now owns 311,878 shares of the company’s stock, valued at approximately $12,587,396.08. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,617 shares of company stock valued at $787,141. 1.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Senvest Management LLC lifted its position in 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 acquiring an additional 475,530 shares during the last quarter. Whale Rock Capital Management LLC lifted its holdings in shares of Criteo by 230.1% during 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 purchasing an additional 1,756,507 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Criteo by 42.0% in 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 purchasing an additional 547,718 shares in the last quarter. Congress Asset Management Co. acquired a new stake in shares of Criteo in the 3rd quarter worth $48,653,000. Finally, BNP Paribas Financial Markets grew its stake in Criteo by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock worth $17,602,000 after buying an additional 103,593 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other 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.