Criteo's (CRTO) "Buy" Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Criteo (NASDAQ:CRTO - Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $51.00 target price on the information services provider's stock.

Several other brokerages also recently issued reports on CRTO. Wells Fargo & Company initiated coverage on Criteo in a report on Monday, October 28th. They issued an "overweight" rating and a $70.00 price target on the stock. BMO Capital Markets raised their target price on Criteo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Susquehanna dropped their price objective on Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Morgan Stanley boosted their price target on Criteo from $35.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Finally, KeyCorp lowered Criteo from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

Criteo Trading Up 4.7 %

NASDAQ:CRTO traded up $1.71 on Tuesday, hitting $38.25. 604,851 shares of the stock were exchanged, compared to its average volume of 372,649. Criteo has a fifty-two week low of $23.80 and a fifty-two week high of $49.93. The stock has a market cap of $2.11 billion, a PE ratio of 24.86 and a beta of 1.02. The stock has a fifty day moving average of $39.79 and a 200-day moving average of $40.77.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company's stock, valued at $12,723,958.80. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. This represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

Institutional Trading of Criteo

A number of hedge funds have recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC bought a new stake in Criteo in the second quarter valued at $473,000. Seizert Capital Partners LLC bought a new stake in Criteo in the third quarter valued at $1,405,000. Inspire Investing LLC bought a new stake in Criteo in the second quarter valued at $819,000. SG Americas Securities LLC bought a new stake in Criteo in the second quarter valued at $248,000. Finally, Congress Asset Management Co. bought a new stake in Criteo in the third quarter valued at $48,653,000. Institutional investors and hedge funds own 94.27% of the company's stock.

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.