DA Davidson Issues Positive Forecast for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO) had its price objective hoisted by DA Davidson from $53.00 to $57.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Several other equities analysts have also recently issued reports on the company. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Susquehanna lowered their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Criteo Stock Performance

Shares of CRTO opened at $45.17 on Wednesday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 30.73 and a beta of 1.05. The company’s fifty day moving average is $40.08 and its two-hundred day moving average is $41.57. Criteo has a 1 year low of $25.93 and a 1 year high of $49.93.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 4.52% and a return on equity of 15.56%. Sell-side analysts predict that Criteo will post 2.67 EPS for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now owns 137,161 shares of the company’s stock, valued at $5,223,090.88. This represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Megan Clarken sold 9,284 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the sale, the chief executive officer now owns 509,145 shares in the company, valued at $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,541 shares of company stock valued at $860,406. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several hedge funds have recently bought and sold shares of the stock. VELA Investment Management LLC boosted its stake in shares of Criteo by 40.6% during the fourth quarter. VELA Investment Management LLC now owns 156,986 shares of the information services provider’s stock valued at $6,210,000 after acquiring an additional 45,362 shares during the last quarter. QRG Capital Management Inc. raised its stake in Criteo by 150.6% in the 4th quarter. QRG Capital Management Inc. now owns 38,893 shares of the information services provider’s stock valued at $1,539,000 after purchasing an additional 23,375 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in Criteo in the 4th quarter valued at about $393,000. Waterfront Wealth Inc. lifted its holdings in Criteo by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock valued at $1,945,000 after purchasing an additional 335 shares in the last quarter. Finally, Palumbo Wealth Management LLC purchased a new position in Criteo in the 4th quarter valued at about $208,000. 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.