Criteo’s (CRTO) “Buy” Rating Reiterated at Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $40.00 target price on the information services provider’s stock. Benchmark’s target price suggests a potential upside of 12.04% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Susquehanna boosted their price target on shares of Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their target price on Criteo from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Wells Fargo & Company upgraded shares of Criteo from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $28.00 to $41.00 in a report on Thursday, February 8th. StockNews.com raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets lifted their price target on shares of Criteo from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Criteo presently has a consensus rating of “Moderate Buy” and an average target price of $35.56.

Criteo Trading Down 1.6 %

Shares of Criteo stock traded down $0.59 on Tuesday, hitting $35.70. 28,175 shares of the company traded hands, compared to its average volume of 251,289. The company has a market cap of $2.00 billion, a PE ratio of 40.13 and a beta of 0.95. The stock’s 50 day moving average price is $34.43 and its 200-day moving average price is $28.93. Criteo has a 52 week low of $22.10 and a 52 week high of $37.38.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. The business had revenue of $316.38 million for the quarter, compared to the consensus estimate of $300.35 million. Criteo had a return on equity of 10.42% and a net margin of 2.73%. As a group, research analysts anticipate that Criteo will post 2.3 EPS for the current fiscal year.

Insider Activity

In other Criteo news, CEO Megan Clarken sold 5,485 shares of Criteo stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the completion of the sale, the chief executive officer now owns 552,933 shares of the company’s stock, valued at approximately $19,352,655. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Sarah Js Glickman sold 9,653 shares of Criteo stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.69, for a total value of $315,556.57. Following the sale, the chief financial officer now directly owns 293,019 shares of the company’s stock, valued at $9,578,791.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 5,485 shares of Criteo stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the sale, the chief executive officer now directly owns 552,933 shares in the company, valued at approximately $19,352,655. The disclosure for this sale can be found here. Insiders have sold 88,607 shares of company stock valued at $2,932,315 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. purchased a new position in Criteo in the 3rd quarter worth approximately $33,000. Mather Group LLC. purchased a new stake in Criteo in the 1st quarter valued at $48,000. Barometer Capital Management Inc. purchased a new stake in Criteo in the 4th quarter valued at $119,000. FNY Investment Advisers LLC increased its stake in shares of Criteo by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Criteo during the 1st quarter worth $227,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.