Criteo’s (CRTO) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Criteo (NASDAQ:CRTO) in a research note published on Thursday,Benzinga reports. They currently have a $61.00 price objective on the information services provider’s stock, up from their prior price objective of $59.00.

Several other analysts also recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday. Susquehanna reduced their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. DA Davidson lifted their target price on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com raised shares of Criteo from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Finally, BMO Capital Markets boosted their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Criteo presently has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Criteo Price Performance

Criteo stock opened at $45.89 on Thursday. The firm has a market capitalization of $2.53 billion, a PE ratio of 31.22 and a beta of 1.05. The company’s 50-day moving average is $40.15 and its 200-day moving average is $41.60. Criteo has a fifty-two week low of $30.11 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data 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 4.52% and a return on equity of 15.56%. As a group, analysts expect that Criteo will post 2.67 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian Gleason sold 1,924 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now owns 137,161 shares of the company’s stock, valued at $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan Damon sold 2,885 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $116,438.60. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 21,541 shares of company stock worth $860,406 in the last three months. 1.71% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

Institutional investors have recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Criteo during the third quarter valued at about $31,000. Farther Finance Advisors LLC acquired a new stake in shares of Criteo in the 3rd quarter worth about $50,000. GAMMA Investing LLC raised its holdings in shares of Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after acquiring an additional 869 shares during the last quarter. Blue Trust Inc. grew its position in Criteo by 99.5% in the 3rd quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Palumbo Wealth Management LLC bought a new stake in Criteo in the 4th quarter worth about $208,000. 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.