Criteo (NASDAQ:CRTO) Earns Buy Rating from Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They currently have a $51.00 target price on the information services provider’s stock. Benchmark’s target price points to a potential upside of 33.79% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets raised their target price on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley raised their target price on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. DA Davidson dropped 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. Finally, Wells Fargo & Company assumed coverage on shares of Criteo in a research report on Monday, October 28th. They set an “overweight” rating and a $70.00 target price on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.67.

Criteo Stock Performance

NASDAQ:CRTO opened at $38.12 on Tuesday. The firm has a market cap of $2.10 billion, a PE ratio of 25.93 and a beta of 1.02. Criteo has a fifty-two week low of $23.87 and a fifty-two week high of $49.93. The business has a 50 day moving average price of $39.56 and a 200-day moving average price of $40.76.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the sale, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, 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 company insiders.

Hedge Funds Weigh In On Criteo

Several institutional investors have recently bought and sold shares of CRTO. GAMMA Investing LLC lifted its position in shares of Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares during the last quarter. USA Financial Formulas acquired a new position in Criteo in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC purchased a new position in Criteo in the third quarter valued at approximately $50,000. EverSource Wealth Advisors LLC raised its holdings in Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after buying an additional 718 shares during the last quarter. 94.27% of the stock is 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.