Criteo (NASDAQ:CRTO) Stock Rating Upgraded by StockNews.com

Criteo (NASDAQ:CRTO) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Other research analysts also recently issued research reports about the company. DA Davidson boosted their price target on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their target price on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna cut their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a research note on Thursday. Finally, Morgan Stanley upped their target price on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Stock Down 0.8 %

Shares of NASDAQ:CRTO opened at $45.50 on Friday. Criteo has a 12-month low of $30.76 and a 12-month high of $49.93. The company’s 50 day moving average price is $40.24 and its two-hundred day moving average price is $41.55. The firm has a market cap of $2.51 billion, a PE ratio of 27.08 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. On average, research analysts expect that Criteo will post 2.62 EPS for the current year.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares in the company, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sarah Js Glickman sold 1,520 shares of the company’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 transaction of $61,347.20. Following the completion of the transaction, the chief financial officer now owns 311,878 shares of the company’s stock, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,541 shares of company stock valued at $860,406 in the last 90 days. 1.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRTO. USA Financial Formulas acquired a new stake in shares of Criteo in the third quarter valued at about $31,000. Farther Finance Advisors LLC bought a new stake in Criteo in the third quarter valued at approximately $50,000. GAMMA Investing LLC increased its position in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 869 shares during the period. Blue Trust Inc. raised its holdings in Criteo by 99.5% during the 3rd quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Palumbo Wealth Management LLC acquired a new position in shares of Criteo in the 4th quarter worth approximately $208,000. 94.27% of the stock is owned by institutional investors.

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.