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

Criteo (NASDAQ:CRTO) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.

Several other research firms also recently issued reports on CRTO. BMO Capital Markets lifted their price target on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson boosted their price objective on Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday. Finally, Benchmark lifted their target price on Criteo from $45.00 to $56.00 and gave the company a “buy” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $48.30.

Criteo Trading Down 6.9 %

Shares of NASDAQ:CRTO traded down $3.23 on Monday, hitting $43.44. The company had a trading volume of 656,755 shares, compared to its average volume of 346,870. The stock has a 50 day moving average price of $39.62 and a 200 day moving average price of $35.58. Criteo has a 1-year low of $22.10 and a 1-year high of $49.00. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 44.78 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The business had revenue of $471.31 million during the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. Sell-side analysts anticipate that Criteo will post 2.26 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Till Hufnagel sold 1,540 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $37.07, for a total value of $57,087.80. Following the transaction, the insider now directly owns 1,759,275 shares of the company’s stock, valued at approximately $65,216,324.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the transaction, the chief financial officer now owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Till Hufnagel sold 1,540 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $37.07, for a total value of $57,087.80. Following the transaction, the insider now directly owns 1,759,275 shares in the company, valued at approximately $65,216,324.25. The disclosure for this sale can be found here. Insiders have sold a total of 20,003 shares of company stock valued at $812,355 in the last ninety days. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Large investors have recently bought and sold shares of the business. Cadian Capital Management LP increased its holdings in shares of Criteo by 70.4% in the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock valued at $107,339,000 after purchasing an additional 1,751,511 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Criteo by 85.6% in the fourth quarter. BNP Paribas Financial Markets now owns 162,167 shares of the information services provider’s stock valued at $4,106,000 after purchasing an additional 74,774 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Criteo in the fourth quarter valued at about $1,580,000. Lord Abbett & CO. LLC grew its holdings in Criteo by 3.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock worth $38,608,000 after acquiring an additional 37,364 shares during the period. Finally, Jump Financial LLC grew its holdings in Criteo by 136.0% during the fourth quarter. Jump Financial LLC now owns 55,200 shares of the information services provider’s stock worth $1,398,000 after acquiring an additional 31,807 shares during the period. 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.