Criteo’s (CRTO) Buy Rating Reiterated at Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $51.00 target price on the information services provider’s stock. Benchmark’s target price suggests a potential upside of 39.57% from the stock’s current price.

A number of other equities research analysts also recently commented on CRTO. Wells Fargo & Company assumed coverage on shares of Criteo in a research report on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price for the company. Macquarie lifted their price target on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley lifted their price target on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.67.

Criteo Trading Down 1.0 %

Shares of CRTO opened at $36.54 on Tuesday. Criteo has a 12 month low of $23.80 and a 12 month high of $49.93. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 24.86 and a beta of 1.02. The business’s fifty day simple moving average is $39.79 and its two-hundred day simple moving average is $40.77.

Insider Buying and Selling at Criteo

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

Institutional Trading of Criteo

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Criteo by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 424 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Criteo by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after acquiring an additional 518 shares in the last quarter. Geode Capital Management LLC grew its holdings in Criteo by 1.1% in the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock valued at $1,978,000 after purchasing an additional 518 shares during the period. Finally, Bessemer Group Inc. grew its stake in Criteo by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after acquiring an additional 682 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.