Criteo (NASDAQ:CRTO) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Criteo (NASDAQ:CRTO) from a buy rating to a strong-buy rating in a report issued on Monday.

Other equities research analysts have also recently issued reports about the stock. Susquehanna upped their target price on shares of Criteo from $40.00 to $50.00 and gave the company a neutral rating in a report on Friday, August 2nd. Macquarie upped their target price on shares of Criteo from $45.00 to $65.00 and gave the company an outperform rating in a report on Friday, August 2nd. DA Davidson upped their target price on shares of Criteo from $35.00 to $43.00 and gave the company a neutral rating in a report on Friday, May 3rd. Morgan Stanley boosted their price target on shares of Criteo from $35.00 to $39.00 and gave the stock an equal weight rating in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their price target on shares of Criteo from $45.00 to $55.00 and gave the stock an outperform rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $49.80.

Criteo Price Performance

Shares of CRTO opened at $46.87 on Monday. Criteo has a 1-year low of $22.10 and a 1-year high of $49.00. The stock has a market cap of $2.66 billion, a PE ratio of 48.32 and a beta of 0.99. The firm has a fifty day moving average price of $40.08 and a 200 day moving average price of $35.99.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The firm had revenue of $471.31 million during the quarter, compared to analysts’ expectations of $263.64 million. During the same period in the previous year, the company earned $0.12 earnings per share. Criteo’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts expect that Criteo will post 2.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, major shareholder Till Hufnagel sold 1,540 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $37.07, for a total transaction of $57,087.80. Following the transaction, the insider now directly owns 1,759,275 shares in the company, valued at $65,216,324.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Criteo news, major shareholder Till Hufnagel sold 1,540 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $37.07, for a total value of $57,087.80. Following the sale, the insider now owns 1,759,275 shares of the company’s stock, valued at $65,216,324.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $151,827.06. Following the completion of the sale, the chief executive officer now directly owns 533,202 shares in the company, valued at approximately $20,789,545.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,003 shares of company stock worth $812,355. 1.71% of the stock is owned by company insiders.

Institutional Trading of Criteo

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake 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 valued at $28,000 after buying an additional 297 shares during the period. Bessemer Group Inc. grew its stake in shares of Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after buying an additional 682 shares in the last quarter. Waterfront Wealth Inc. grew its stake in shares of Criteo by 1.2% in the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after buying an additional 686 shares in the last quarter. Covestor Ltd grew its stake in shares of Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after buying an additional 718 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Criteo by 0.8% in the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after buying an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

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.