Criteo (NASDAQ:CRTO) Earns “Buy” Rating from Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reissued by analysts at Benchmark in a research note issued on Tuesday,Benzinga reports. They presently have a $51.00 price objective on the information services provider’s stock. Benchmark’s target price would indicate a potential upside of 33.09% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Susquehanna decreased their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Friday. Finally, DA Davidson reduced their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Criteo has an average rating of “Moderate Buy” and a consensus price target of $49.89.

Criteo Stock Performance

CRTO stock traded up $0.66 during mid-day trading on Tuesday, reaching $38.32. The company had a trading volume of 43,496 shares, compared to its average volume of 400,770. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 26.13 and a beta of 1.05. The firm has a fifty day simple moving average of $40.08 and a 200 day simple moving average of $41.56. Criteo has a fifty-two week low of $25.75 and a fifty-two week high of $49.93.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the transaction, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at $12,587,396.08. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan Damon sold 2,885 shares of Criteo stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now owns 118,334 shares in the company, valued at approximately $4,775,960.24. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,541 shares of company stock valued at $860,406 over the last quarter. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas acquired a new stake in Criteo during the third quarter valued at $31,000. Farther Finance Advisors LLC acquired a new stake in shares of Criteo in the third quarter worth about $50,000. GAMMA Investing LLC lifted its position in shares of Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after buying an additional 1,840 shares during the last quarter. Finally, Palumbo Wealth Management LLC acquired a new stake in shares of Criteo in the fourth quarter worth about $208,000. 94.27% of the stock is currently 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.