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

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a report issued on Thursday,Benzinga reports. They presently have a $61.00 price objective on the information services provider’s stock, up from their previous price objective of $59.00. Stifel Nicolaus’ target price would indicate a potential upside of 31.95% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Benchmark restated a “buy” rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company raised their price target on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday. Susquehanna cut their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Criteo has an average rating of “Moderate Buy” and an average target price of $52.90.

Criteo Stock Performance

NASDAQ:CRTO traded up $1.06 on Thursday, hitting $46.23. The stock had a trading volume of 174,350 shares, compared to its average volume of 452,171. The stock has a market cap of $2.55 billion, a P/E ratio of 31.38 and a beta of 1.05. Criteo has a 1 year low of $30.11 and a 1 year high of $49.93. The firm’s fifty day simple moving average is $40.08 and its two-hundred day simple moving average is $41.57.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data 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%. Equities research analysts predict that Criteo will post 2.67 EPS for the current year.

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 directly owns 311,878 shares in the company, valued at approximately $12,587,396.08. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 3,135 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now owns 139,085 shares of the company’s stock, valued at $5,139,190.75. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,541 shares of company stock valued at $860,406 in the last three months. Company 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. USA Financial Formulas purchased a new position in Criteo in the third quarter worth $31,000. Farther Finance Advisors LLC bought a new stake in Criteo in the third quarter worth $50,000. GAMMA Investing LLC lifted its stake in Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after purchasing an additional 869 shares during the last quarter. Blue Trust Inc. lifted its stake in Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Palumbo Wealth Management LLC bought a new stake in Criteo in the fourth quarter worth $208,000. 94.27% of the stock is currently owned by hedge funds and other 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.