Criteo (NASDAQ:CRTO) Given Buy Rating at Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a research note issued on Tuesday,Benzinga reports. They presently have a $51.00 price objective on the information services provider’s stock. Benchmark’s price target suggests a potential upside of 12.91% from the company’s current price.

Several other equities analysts have also weighed in on CRTO. DA Davidson cut their target price on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company reduced their price target on shares of Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Susquehanna lowered their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Criteo currently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

Criteo Stock Performance

Shares of Criteo stock opened at $45.17 on Tuesday. Criteo has a one year low of $25.93 and a one year high of $49.93. The stock’s fifty day moving average is $40.08 and its 200 day moving average is $41.57. The stock has a market cap of $2.49 billion, a P/E ratio of 30.73 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 15.56% and a net margin of 4.52%. Analysts predict that Criteo will post 2.67 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $61,347.20. Following the transaction, the chief financial officer now directly owns 311,878 shares in the company, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Gleason sold 1,924 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the transaction, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. This represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,541 shares of company stock worth $860,406. 1.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Criteo

Several large investors have recently made changes to their positions in CRTO. Charles Schwab Investment Management Inc. increased its holdings in shares of Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after acquiring an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in Criteo during the 3rd quarter worth approximately $1,405,000. Stifel Financial Corp raised its holdings in Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after buying an additional 15,067 shares during the period. JPMorgan Chase & Co. lifted its stake in Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after buying an additional 80,424 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Criteo by 40.6% during the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares in the last quarter. Institutional investors and hedge funds 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.