Criteo (NASDAQ:CRTO) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Criteo from $40.00 to $50.00 and gave the company a neutral rating in a report on Friday. BMO Capital Markets raised their price target on Criteo from $45.00 to $55.00 and gave the company an outperform rating in a report on Friday. Benchmark raised their price objective on shares of Criteo from $45.00 to $56.00 and gave the company a buy rating in a research note on Friday. Morgan Stanley lifted their target price on shares of Criteo from $35.00 to $39.00 and gave the stock an equal weight rating in a report on Tuesday, July 23rd. Finally, Macquarie raised their target price on Criteo from $45.00 to $65.00 and gave the stock an outperform rating in a report on Friday. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Criteo has an average rating of Moderate Buy and an average target price of $49.80.

Criteo Trading Up 0.9 %

CRTO stock traded up $0.37 during midday trading on Monday, hitting $43.81. The stock had a trading volume of 268,566 shares, compared to its average volume of 346,348. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 44.78 and a beta of 0.99. Criteo has a 52 week low of $22.10 and a 52 week high of $49.00. The stock has a 50-day simple moving average of $39.62 and a 200 day simple moving average of $35.58.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The firm had revenue of $471.31 million during the quarter, compared to analyst estimates of $263.64 million. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts forecast that Criteo will post 2.26 EPS for the current year.

Insider Activity at Criteo

In related news, major shareholder Till Hufnagel bought 6,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of $37.67 per share, with a total value of $226,020.00. Following the acquisition, the insider now owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Till Hufnagel bought 6,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of $37.67 per share, with a total value of $226,020.00. Following the acquisition, the insider now owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan Damon sold 946 shares of Criteo stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $38.99, for a total value of $36,884.54. Following the completion of the transaction, the insider now directly owns 153,623 shares of the company’s stock, valued at $5,989,760.77. The disclosure for this sale can be found here. Insiders have sold a total of 20,003 shares of company stock valued at $812,355 in the last 90 days. 1.71% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Waterfront Wealth Inc. increased its position in Criteo by 1.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after buying an additional 686 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 1,823 shares during the last quarter. SG Americas Securities LLC acquired a new position in Criteo during the 2nd quarter valued at about $248,000. QRG Capital Management Inc. boosted its stake in Criteo by 64.0% during the 2nd quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider’s stock valued at $566,000 after purchasing an additional 5,854 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares during the last quarter. 94.27% of the stock is 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.