StockNews.com lowered shares of Criteo (NASDAQ:CRTO - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.
Several other research firms have also recently commented on CRTO. Benchmark reaffirmed a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their target price on Criteo from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. BMO Capital Markets upped their price target on Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, DA Davidson lifted their price objective on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Criteo has an average rating of "Moderate Buy" and an average price target of $52.90.
Read Our Latest Report on Criteo
Criteo Stock Performance
NASDAQ:CRTO traded down $1.04 on Tuesday, reaching $36.66. The company's stock had a trading volume of 341,613 shares, compared to its average volume of 414,291. The firm has a market cap of $2.12 billion, a PE ratio of 21.82 and a beta of 0.98. The business's 50-day moving average price is $39.99 and its two-hundred day moving average price is $40.99. Criteo has a 1-year low of $32.71 and a 1-year high of $49.93.
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 (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, sell-side analysts expect that Criteo will post 3.09 EPS for the current year.
Insider Buying and Selling at Criteo
In other news, insider Brian Gleason sold 3,135 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the sale, the insider now directly owns 139,085 shares of the company's stock, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 7,481 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now owns 502,052 shares of the company's stock, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,156 shares of company stock worth $1,243,028 over the last quarter. 1.71% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Vega Investment Solutions acquired a new stake in Criteo during the 4th quarter valued at $41,000. Farther Finance Advisors LLC bought a new position in shares of Criteo in the third quarter valued at about $50,000. Wells Fargo & Company MN lifted its stake in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after buying an additional 1,455 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in shares of Criteo during the 4th quarter worth about $208,000. Finally, Two Sigma Securities LLC acquired a new position in Criteo in the 4th quarter valued at about $210,000. 94.27% of the stock is owned by institutional investors and hedge funds.
About Criteo
(
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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