Criteo (NASDAQ:CRTO) Price Target Raised to $60.00 at BMO Capital Markets

Criteo (NASDAQ:CRTO) had its price objective raised by BMO Capital Markets from $48.00 to $60.00 in a research note published on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the information services provider’s stock.

Other research analysts have also recently issued reports about the stock. Susquehanna lowered their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. DA Davidson lifted their target price on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company cut their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Finally, Benchmark reissued a “buy” rating and issued a $51.00 target price on shares of Criteo in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Stock Performance

CRTO stock opened at $45.89 on Thursday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 31.22 and a beta of 1.05. The business’s 50 day moving average price is $40.15 and its two-hundred day moving average price is $41.60. Criteo has a fifty-two week low of $30.11 and a fifty-two week 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 for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 15.56% and a net margin of 4.52%. Sell-side analysts forecast that Criteo will post 2.67 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $374,702.24. Following the sale, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian Gleason sold 3,135 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the sale, the insider now owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,541 shares of company stock worth $860,406. 1.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Waterfront Wealth Inc. boosted its holdings in shares of Criteo by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock worth $1,945,000 after buying an additional 335 shares during the last quarter. Assetmark Inc. increased its stake in shares of Criteo by 8.2% in the 3rd 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 stake in shares of Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after purchasing an additional 518 shares in the last quarter. Geode Capital Management LLC raised its holdings in Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after purchasing an additional 518 shares during the period. Finally, USA Financial Formulas purchased a new position in Criteo during the third quarter valued at $31,000. 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.