Criteo (NASDAQ:CRTO) Upgraded at StockNews.com

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO - Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Several other analysts have also recently commented on the stock. Benchmark reiterated a "buy" rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. Susquehanna decreased 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 boosted 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, February 6th. BMO Capital Markets boosted their price target on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on shares of Criteo from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $52.90.

Criteo Trading Down 0.3 %

Criteo stock traded down $0.15 during mid-day trading on Friday, hitting $43.99. The stock had a trading volume of 301,716 shares, compared to its average volume of 473,730. The firm has a market capitalization of $2.43 billion, a P/E ratio of 26.18 and a beta of 1.05. The firm's 50 day moving average is $40.36 and its 200 day moving average is $41.54. Criteo has a one year low of $30.76 and a one year high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, equities research analysts forecast that Criteo will post 2.62 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 9,284 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares of the company's stock, valued at $20,549,092.20. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan Damon sold 2,885 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $116,438.60. Following the completion of the sale, the insider now directly owns 118,334 shares in the company, valued at $4,775,960.24. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,541 shares of company stock valued at $860,406 in the last ninety days. 1.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new position in shares of Criteo during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC acquired a new stake in Criteo during the third quarter valued at $50,000. GAMMA Investing LLC grew its position in Criteo by 117.8% during the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock valued at $65,000 after buying an additional 869 shares during the period. Blue Trust Inc. grew its position in Criteo by 99.5% during the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider's stock valued at $139,000 after buying an additional 1,840 shares during the period. Finally, Palumbo Wealth Management LLC acquired a new stake in shares of Criteo in the fourth quarter valued at about $208,000. 94.27% of the stock is currently 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.