Criteo (NASDAQ:CRTO) Given “Buy” Rating at Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $51.00 price objective on the information services provider’s stock. Benchmark’s target price would suggest a potential upside of 39.57% from the company’s current price.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company assumed coverage on Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective for the company. Macquarie raised their price objective on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Susquehanna cut their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, DA Davidson decreased their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Criteo currently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Criteo Price Performance

CRTO stock opened at $36.54 on Tuesday. The firm has a 50 day simple moving average of $39.79 and a two-hundred day simple moving average of $40.77. The stock has a market cap of $2.02 billion, a PE ratio of 24.86 and a beta of 1.02. Criteo has a one year low of $23.80 and a one year high of $49.93.

Insider Buying and Selling

In related news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now directly owns 146,470 shares of the company’s stock, valued at $6,019,917. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares in the company, valued at approximately $12,723,958.80. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Criteo during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC bought a new position in Criteo in the third quarter worth about $50,000. EverSource Wealth Advisors LLC raised its stake in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after buying an additional 1,250 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after buying an additional 718 shares during the period. 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.