Criteo (NASDAQ:CRTO) Given New $63.00 Price Target at Wells Fargo & Company

Criteo (NASDAQ:CRTO) had its price objective dropped by investment analysts at Wells Fargo & Company from $66.00 to $63.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 68.13% from the company’s current price.

Other research analysts have also issued research reports about the stock. Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Susquehanna dropped their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, DA Davidson cut their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.89.

Criteo Price Performance

Criteo stock traded down $0.38 during mid-day trading on Thursday, hitting $37.47. The company’s stock had a trading volume of 31,573 shares, compared to its average volume of 359,769. Criteo has a 52-week low of $23.90 and a 52-week high of $49.93. The company has a market cap of $2.07 billion, a PE ratio of 25.49 and a beta of 1.06. The firm’s 50 day moving average is $40.01 and its 200 day moving average is $41.70.

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the sale, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan Damon sold 2,793 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the sale, the insider now directly owns 115,646 shares in the company, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,765 shares of company stock worth $1,009,013 over the last ninety days. Company insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. grew its position in Criteo by 18.5% during the second quarter. Federated Hermes Inc. now owns 56,550 shares of the information services provider’s stock worth $2,133,000 after buying an additional 8,823 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Criteo by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,527 shares of the information services provider’s stock worth $2,623,000 after purchasing an additional 976 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Criteo by 40.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 14,266 shares of the information services provider’s stock valued at $538,000 after purchasing an additional 4,142 shares during the period. Inspire Investing LLC acquired a new position in shares of Criteo in the second quarter valued at $819,000. Finally, Sei Investments Co. lifted its position in Criteo by 1.6% in the second quarter. Sei Investments Co. now owns 102,768 shares of the information services provider’s stock worth $3,876,000 after purchasing an additional 1,582 shares during the period. 94.27% of the stock is owned by 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.