Criteo (NASDAQ:CRTO) Given Buy Rating at Benchmark

Benchmark restated their buy rating on shares of Criteo (NASDAQ:CRTO) in a report issued on Tuesday morning, Benzinga reports. They currently have a $40.00 price objective on the information services provider’s stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Criteo from $27.00 to $31.00 and gave the stock a neutral rating in a report on Thursday, February 8th. TheStreet raised Criteo from a c rating to a b- rating in a research report on Friday, February 9th. StockNews.com raised Criteo from a buy rating to a strong-buy rating in a research report on Thursday, February 8th. DA Davidson raised their price objective on Criteo from $27.00 to $35.00 and gave the stock a neutral rating in a research report on Monday, March 4th. Finally, BMO Capital Markets raised their price objective on Criteo from $28.00 to $31.00 and gave the stock a market perform rating in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Criteo currently has a consensus rating of Moderate Buy and an average price target of $35.56.

Criteo Stock Down 3.4 %

NASDAQ CRTO opened at $35.04 on Tuesday. Criteo has a 52 week low of $22.10 and a 52 week high of $37.38. The business’s fifty day simple moving average is $34.51 and its 200-day simple moving average is $28.98. The firm has a market cap of $1.97 billion, a PE ratio of 39.37 and a beta of 0.95.

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

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now directly owns 327,232 shares of the company’s stock, valued at approximately $11,584,012.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now directly owns 327,232 shares of the company’s stock, valued at approximately $11,584,012.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 23,331 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the transaction, the chief executive officer now directly owns 383,858 shares of the company’s stock, valued at $12,682,668.32. The disclosure for this sale can be found here. Insiders sold a total of 88,607 shares of company stock valued at $2,932,315 in the last three months. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently made changes to their positions in CRTO. Cadian Capital Management LP grew its position in shares of Criteo by 70.4% during the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after buying an additional 1,751,511 shares in the last quarter. Senvest Management LLC grew its position in shares of Criteo by 20.1% during the third quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock worth $92,670,000 after buying an additional 531,546 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Criteo during the third quarter worth about $15,306,000. Lord Abbett & CO. LLC grew its position in shares of Criteo by 22.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock worth $29,847,000 after buying an additional 187,288 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Criteo by 4.6% during the third quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock worth $62,853,000 after purchasing an additional 95,391 shares during the last quarter. 94.27% of the stock is 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.