Criteo (NASDAQ:CRTO) Upgraded at StockNews.com

StockNews.com upgraded shares of Criteo (NASDAQ:CRTOFree Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

CRTO has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating 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 note on Thursday, February 6th. Susquehanna lowered 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. Stifel Nicolaus reissued 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. Finally, Benchmark restated a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $52.90.

Read Our Latest Stock Analysis on CRTO

Criteo Stock Performance

NASDAQ:CRTO opened at $44.14 on Friday. The firm’s 50-day moving average is $40.31 and its 200-day moving average is $41.55. Criteo has a 52-week low of $30.76 and a 52-week high of $49.93. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 26.27 and a beta of 1.05.

Criteo (NASDAQ:CRTOGet Free Report) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Equities analysts predict that Criteo will post 2.62 EPS for the current year.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now directly owns 137,161 shares of the company’s stock, valued at approximately $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction dated 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 directly owns 311,878 shares in the company, valued at approximately $12,587,396.08. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,541 shares of company stock worth $860,406. 1.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently added to or reduced their stakes in the business. Whale Rock Capital Management LLC lifted its position in shares of Criteo by 230.1% in the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after purchasing an additional 1,756,507 shares during the period. Congress Asset Management Co. acquired a new position in shares of Criteo in the 3rd quarter worth approximately $48,653,000. ANTIPODES PARTNERS Ltd lifted its position in shares of Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock worth $39,348,000 after purchasing an additional 992,180 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of Criteo by 42.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after purchasing an additional 547,718 shares during the period. Finally, Senvest Management LLC lifted its position in shares of Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after purchasing an additional 475,530 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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