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

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

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

Criteo Stock Performance

Criteo stock opened at $45.17 on Wednesday. The company’s 50 day simple moving average is $40.08 and its 200-day simple moving average is $41.57. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 30.73 and a beta of 1.05. Criteo has a 1 year low of $25.93 and a 1 year high of $49.93.

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

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the sale, the insider now owns 137,161 shares of the company’s stock, valued at approximately $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the sale, the chief financial officer now directly owns 311,878 shares in the company, valued at approximately $12,587,396.08. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,541 shares of company stock valued at $860,406. Insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Waterfront Wealth Inc. increased its position in shares of Criteo by 0.7% during the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock worth $1,945,000 after purchasing an additional 335 shares in the last quarter. Assetmark Inc. increased its position in shares of Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after purchasing an additional 424 shares in the last quarter. QRG Capital Management Inc. increased its position in Criteo by 3.5% during the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after buying an additional 518 shares during the period. Geode Capital Management LLC increased its position in Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after buying an additional 518 shares during the period. Finally, USA Financial Formulas acquired a new position in Criteo during the third quarter worth approximately $31,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.