Criteo (NASDAQ:CRTO) Rating Increased to Strong-Buy at StockNews.com

Criteo (NASDAQ:CRTO) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

A number of other brokerages also recently issued reports on CRTO. BMO Capital Markets raised Criteo from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $31.00 to $45.00 in a research report on Friday, May 24th. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of Criteo in a report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Susquehanna boosted their price objective on shares of Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Finally, DA Davidson boosted their price objective on shares of Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Criteo has an average rating of “Moderate Buy” and an average target price of $41.33.

Criteo Trading Down 0.0 %

Shares of CRTO stock opened at $45.07 on Thursday. The business’s fifty day simple moving average is $38.68 and its 200-day simple moving average is $34.55. The company has a market cap of $2.56 billion, a PE ratio of 46.46 and a beta of 0.99. Criteo has a 12-month low of $22.10 and a 12-month high of $46.33.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. The business had revenue of $253.89 million for the quarter, compared to the consensus estimate of $246.10 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. On average, equities analysts forecast that Criteo will post 2.26 earnings per share for the current year.

Insider Activity

In other news, CFO Sarah Js Glickman sold 5,496 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the sale, the chief financial officer now directly owns 320,201 shares in the company, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now directly owns 320,201 shares in the company, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan Damon sold 1,102 shares of Criteo stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $38.94, for a total value of $42,911.88. Following the completion of the sale, the insider now owns 152,521 shares in the company, valued at $5,939,167.74. The disclosure for this sale can be found here. Insiders have sold 41,664 shares of company stock worth $1,616,411 in the last ninety days. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Criteo by 67.3% in 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 in the last quarter. Citigroup Inc. purchased a new position in Criteo in the 3rd quarter worth approximately $33,000. Mather Group LLC. purchased a new stake in shares of Criteo during the 1st quarter valued at approximately $48,000. Covestor Ltd raised its position in shares of Criteo by 64.1% during 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 period. Finally, Blue Trust Inc. raised its position in shares of Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after buying an additional 1,823 shares during the period. 94.27% of the stock is 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.