Benchmark Reiterates “Buy” Rating for Criteo (NASDAQ:CRTO)

Benchmark reissued their buy rating on shares of Criteo (NASDAQ:CRTO) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $51.00 price objective on the information services provider’s stock.

CRTO has been the subject of a number of other reports. Wells Fargo & Company assumed coverage on shares of Criteo in a research report on Monday, October 28th. They set an “overweight” rating and a $70.00 price target for the company. Macquarie boosted their price target on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. KeyCorp lowered shares of Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, DA Davidson reduced their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.67.

Criteo Price Performance

Shares of CRTO stock opened at $39.96 on Tuesday. The company’s fifty day simple moving average is $39.45 and its two-hundred day simple moving average is $40.74. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 27.20 and a beta of 1.02. Criteo has a 1 year low of $23.87 and a 1 year high of $49.93.

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the business’s 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 sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the sale, the insider now directly owns 146,470 shares of the company’s stock, valued at $6,019,917. This represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

Institutional Trading of Criteo

Several hedge funds have recently added to or reduced their stakes in CRTO. GAMMA Investing LLC lifted its stake in Criteo by 67.3% in 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 during the last quarter. USA Financial Formulas bought a new position in shares of Criteo during the third quarter valued at about $31,000. Farther Finance Advisors LLC bought a new position in shares of Criteo during the third quarter valued at about $50,000. EverSource Wealth Advisors LLC raised its stake in shares of Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 718 shares during the last quarter. 94.27% of the stock is owned by 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.