Criteo (NASDAQ:CRTO) Stock Rating Reaffirmed by Benchmark

Criteo (NASDAQ:CRTO)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $40.00 price target on the information services provider’s stock. Benchmark’s target price points to a potential upside of 12.04% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. DA Davidson raised their target price on Criteo from $27.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Wells Fargo & Company upgraded shares of Criteo from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. BMO Capital Markets increased their price objective on shares of Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Susquehanna upped their target price on Criteo from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.56.

Criteo Stock Performance

Shares of NASDAQ CRTO traded down $0.59 during mid-day trading on Tuesday, reaching $35.70. The company had a trading volume of 28,175 shares, compared to its average volume of 251,289. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 40.13 and a beta of 0.95. The business’s 50-day simple moving average is $34.43 and its 200 day simple moving average is $28.93. Criteo has a one year low of $22.10 and a one year high of $37.38.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $0.94 by $0.30. Criteo had a net margin of 2.73% and a return on equity of 10.42%. The firm had revenue of $316.38 million for the quarter, compared to analyst estimates of $300.35 million. On average, sell-side analysts anticipate that Criteo will post 2.3 EPS for the current year.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 23,331 shares of Criteo stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the completion of the sale, the chief executive officer now directly owns 383,858 shares in the company, valued at $12,682,668.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Criteo news, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $33.04, for a total transaction of $770,856.24. Following the transaction, the chief executive officer now owns 383,858 shares in the company, valued at $12,682,668.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sarah Js Glickman sold 9,653 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.69, for a total transaction of $315,556.57. Following the sale, the chief financial officer now directly owns 293,019 shares of the company’s stock, valued at $9,578,791.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,607 shares of company stock worth $2,932,315. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC bought a new position in Criteo during the first quarter worth about $227,000. Mather Group LLC. bought a new position in Criteo in the 1st quarter worth approximately $48,000. Orchard Capital Management LLC grew its stake in Criteo by 3.2% in the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock valued at $11,493,000 after buying an additional 14,281 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in Criteo during the 4th quarter valued at $119,000. Finally, Cadian Capital Management LP lifted its position in shares of Criteo by 70.4% during the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after acquiring an additional 1,751,511 shares in the last quarter. Hedge funds and other 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.