Criteo (NASDAQ:CRTO) Cut to Buy at StockNews.com

StockNews.com lowered shares of Criteo (NASDAQ:CRTO) from a strong-buy rating to a buy rating in a report published on Tuesday.

CRTO has been the topic of a number of other reports. BMO Capital Markets boosted their target price on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Morgan Stanley upped their target price on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their price target on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and set a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Trading Down 1.5 %

NASDAQ CRTO opened at $37.70 on Tuesday. Criteo has a 12 month low of $32.71 and a 12 month high of $49.93. The stock has a market cap of $2.18 billion, a PE ratio of 22.44 and a beta of 1.05. The stock’s 50 day moving average is $40.05 and its 200 day moving average is $41.01.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. On average, analysts forecast that Criteo will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the sale, the insider now owns 137,161 shares of the company’s stock, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. 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 Criteo stock in a transaction dated 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 transaction, the insider now 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. In the last ninety days, insiders sold 29,156 shares of company stock worth $1,243,028. 1.71% of the stock is currently owned by company insiders.

Institutional Trading of Criteo

Institutional investors have recently modified their holdings of the company. Vega Investment Solutions acquired a new position in shares of Criteo during the fourth quarter worth $41,000. Farther Finance Advisors LLC purchased a new position in Criteo during the 3rd quarter worth $50,000. Wells Fargo & Company MN increased its position in Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock valued at $166,000 after buying an additional 1,455 shares in the last quarter. Palumbo Wealth Management LLC purchased a new stake in Criteo in the fourth quarter valued at about $208,000. Finally, Two Sigma Securities LLC acquired a new stake in Criteo in the fourth quarter worth about $210,000. 94.27% of the stock is currently 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.