Criteo (NASDAQ:CRTO) Downgraded to Buy Rating by StockNews.com

Criteo (NASDAQ:CRTO) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities analysts have also recently issued reports on the stock. DA Davidson upped their target price on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. BMO Capital Markets boosted their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Benchmark restated a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 target price (up from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised their price target on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Stock Up 2.5 %

Shares of CRTO opened at $38.28 on Tuesday. The company has a market capitalization of $2.21 billion, a P/E ratio of 22.79 and a beta of 1.05. Criteo has a twelve month low of $32.71 and a twelve month high of $49.93. The firm has a 50 day moving average of $40.11 and a 200 day moving average of $41.03.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. On average, sell-side analysts expect that Criteo will post 3.09 EPS for the current year.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan Damon sold 2,793 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the transaction, the insider now owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,156 shares of company stock worth $1,243,028 in the last three months. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. Farther Finance Advisors LLC bought a new stake in shares of Criteo during the third quarter valued at approximately $50,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Criteo by 518.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock worth $3,259,000 after acquiring an additional 67,913 shares during the last quarter. QRG Capital Management Inc. grew its stake in Criteo by 3.5% during the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after acquiring an additional 518 shares in the last quarter. Assetmark Inc. increased its holdings in Criteo by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 424 shares during the last quarter. Finally, Atria Investments Inc purchased a new stake in Criteo in the 3rd quarter worth $250,000. 94.27% of the stock is currently owned by institutional investors.

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.