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Benchmark Reiterates "Buy" Rating for Criteo (NASDAQ:CRTO)

Criteo logo with Computer and Technology background

Benchmark reiterated their buy rating on shares of Criteo (NASDAQ:CRTO - Free Report) in a report published on Tuesday morning,Benzinga reports. They currently have a $51.00 price objective on the information services provider's stock.

A number of other analysts have also issued reports on the stock. Susquehanna cut their price target on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of Criteo from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of Criteo from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Finally, DA Davidson dropped their price target on shares of Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Criteo currently has an average rating of "Moderate Buy" and an average price target of $52.90.

Check Out Our Latest Report on CRTO

Criteo Price Performance

Shares of NASDAQ:CRTO traded down $0.39 during mid-day trading on Tuesday, reaching $45.50. 877,147 shares of the company were exchanged, compared to its average volume of 479,929. Criteo has a 1 year low of $30.76 and a 1 year high of $49.93. The firm's 50-day simple moving average is $40.15 and its 200 day simple moving average is $41.60. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.05.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 15.56% and a net margin of 4.52%. On average, research analysts forecast that Criteo will post 2.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Criteo

In related news, insider Ryan Damon sold 2,885 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now directly owns 118,334 shares of the company's stock, valued at $4,775,960.24. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of Criteo stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the sale, the chief financial officer now owns 311,878 shares in the company, valued at $12,587,396.08. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,541 shares of company stock worth $860,406 over the last ninety days. Corporate insiders own 1.71% of the company's stock.

Hedge Funds Weigh In On Criteo

Several hedge funds have recently made changes to their positions in the company. Waterfront Wealth Inc. lifted its holdings in shares of Criteo by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock valued at $1,945,000 after purchasing an additional 335 shares during the last quarter. Assetmark Inc. lifted its stake in Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider's stock valued at $226,000 after buying an additional 424 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Criteo by 3.5% in the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider's stock valued at $624,000 after acquiring an additional 518 shares during the period. Geode Capital Management LLC grew its position in shares of Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock worth $1,978,000 after acquiring an additional 518 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Criteo in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

Criteo Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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