Criteo (NASDAQ:CRTO) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO) from a buy rating to a strong-buy rating in a research note released on Saturday.

Several other research firms have also issued reports on CRTO. Susquehanna reduced their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. DA Davidson boosted their price target on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Stifel Nicolaus reissued a “buy” rating and issued a $61.00 price target (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.90.

Criteo Price Performance

NASDAQ CRTO opened at $44.14 on Friday. Criteo has a 1 year low of $30.76 and a 1 year high of $49.93. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 26.27 and a beta of 1.05. The company has a fifty day moving average price of $40.31 and a 200-day moving average price of $41.55.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (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, research analysts anticipate that Criteo will post 2.62 EPS for the current fiscal year.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 3,135 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 in the company, 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. Over the last ninety days, insiders have sold 21,541 shares of company stock valued at $860,406. 1.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

A number of institutional investors have recently made changes to their positions in CRTO. Whale Rock Capital Management LLC boosted its stake in shares of Criteo by 230.1% during the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after purchasing an additional 1,756,507 shares during the period. Congress Asset Management Co. purchased a new stake in shares of Criteo during the third quarter valued at approximately $48,653,000. ANTIPODES PARTNERS Ltd increased its position in Criteo by 41,776.0% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock valued at $39,348,000 after purchasing an additional 992,180 shares during the period. Lord Abbett & CO. LLC raised its stake in Criteo by 42.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after buying an additional 547,718 shares in the last quarter. Finally, Senvest Management LLC lifted its holdings in Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after buying an additional 475,530 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.