Stifel Nicolaus Reaffirms “Buy” Rating for Criteo (NASDAQ:CRTO)

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a report released on Thursday,Benzinga reports. They presently have a $61.00 price objective on the information services provider’s stock, up from their prior price objective of $59.00. Stifel Nicolaus’ price target indicates a potential upside of 34.07% from the company’s current price.

CRTO has been the topic of a number of other reports. Morgan Stanley raised their price objective on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday. Susquehanna decreased their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. BMO Capital Markets lifted their price target on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Finally, DA Davidson lifted their target price on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Trading Down 0.8 %

NASDAQ:CRTO opened at $45.50 on Thursday. Criteo has a 1-year low of $30.76 and a 1-year high of $49.93. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.05. The business’s 50-day moving average price is $40.15 and its two-hundred day moving average price is $41.60.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 4.52% and a return on equity of 15.56%. Sell-side analysts predict that Criteo will post 2.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 1,520 shares of the business’s stock in a transaction dated 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 owns 311,878 shares of the company’s stock, valued at $12,587,396.08. The trade was a 0.49 % 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, CEO Megan Clarken sold 9,284 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at $20,549,092.20. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,541 shares of company stock worth $860,406 over the last three months. Insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

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