Criteo (NASDAQ:CRTO) Given Buy Rating at Benchmark

Benchmark restated their buy rating on shares of Criteo (NASDAQ:CRTO) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $40.00 price objective on the information services provider’s stock.

CRTO has been the topic of several other reports. BMO Capital Markets increased their price objective on shares of Criteo from $28.00 to $31.00 and gave the company a market perform rating in a research report on Thursday, February 8th. TheStreet raised shares of Criteo from a c rating to a b- rating in a research report on Friday, February 9th. Susquehanna upped their price objective on Criteo from $26.00 to $33.00 and gave the company a neutral rating in a research report on Thursday, February 8th. Wells Fargo & Company raised Criteo from an equal weight rating to an overweight rating and lifted their target price for the stock from $28.00 to $41.00 in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. boosted their price target on Criteo from $27.00 to $31.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Criteo has a consensus rating of Moderate Buy and a consensus target price of $37.11.

Criteo Stock Up 1.7 %

Shares of CRTO opened at $37.77 on Tuesday. The stock has a market cap of $2.12 billion, a P/E ratio of 42.44 and a beta of 0.95. The business’s 50 day moving average price is $34.77 and its 200-day moving average price is $29.14. Criteo has a 52 week low of $22.10 and a 52 week high of $39.54.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $0.94 by $0.30. Criteo had a return on equity of 10.42% and a net margin of 2.73%. The business had revenue of $316.38 million for the quarter, compared to the consensus estimate of $300.35 million. On average, equities analysts anticipate that Criteo will post 2.3 EPS for the current year.

Insider Transactions at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the completion of the sale, the chief financial officer now directly owns 327,232 shares in the company, valued at $11,584,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan Damon sold 7,959 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total transaction of $260,179.71. Following the sale, the insider now directly owns 144,545 shares of the company’s stock, valued at $4,725,176.05. The disclosure for this sale can be found here. Insiders have sold a total of 88,607 shares of company stock worth $2,932,315 in the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. raised its stake in shares of Criteo by 17.8% in the third quarter. Federated Hermes Inc. now owns 120,061 shares of the information services provider’s stock worth $3,506,000 after buying an additional 18,128 shares during the period. Citigroup Inc. purchased a new stake in Criteo in the 3rd quarter worth approximately $33,000. Acadian Asset Management LLC raised its stake in Criteo by 4.6% during the 3rd quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock worth $62,853,000 after acquiring an additional 95,391 shares during the period. Victory Capital Management Inc. purchased a new position in Criteo during the third quarter valued at approximately $15,306,000. Finally, Lord Abbett & CO. LLC boosted its position in shares of Criteo by 22.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock worth $29,847,000 after purchasing an additional 187,288 shares during the period. 94.27% of the stock is currently owned by hedge funds and other 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.