Criteo’s (CRTO) Buy Rating Reaffirmed at Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a report released on Tuesday,Benzinga reports. They presently have a $51.00 price objective on the information services provider’s stock. Benchmark’s target price points to a potential upside of 33.09% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Wells Fargo & Company reduced their target price on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. DA Davidson dropped their target price on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Susquehanna dropped their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Criteo has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Criteo Stock Performance

Shares of CRTO stock traded up $0.66 during trading hours on Tuesday, hitting $38.32. The company had a trading volume of 43,496 shares, compared to its average volume of 400,770. Criteo has a 12 month low of $25.75 and a 12 month high of $49.93. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 26.13 and a beta of 1.05. The firm’s fifty day moving average is $40.08 and its 200 day moving average is $41.56.

Insider Buying and Selling at Criteo

In other news, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the firm’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 sale, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at approximately $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. In the last three months, insiders have sold 21,541 shares of company stock worth $860,406. Corporate insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Large investors have recently modified their holdings of the business. Waterfront Wealth Inc. lifted its position in Criteo by 0.7% in the fourth 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. Palumbo Wealth Management LLC purchased a new stake in Criteo in the fourth quarter worth $208,000. KBC Group NV purchased a new stake in shares of Criteo in the fourth quarter worth $2,887,000. Blue Trust Inc. grew its stake in shares of Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock worth $226,000 after acquiring an additional 1,916 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Criteo in the fourth quarter worth $510,000. Institutional investors 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.