Criteo (NASDAQ:CRTO) Given New $68.00 Price Target at Wells Fargo & Company

Criteo (NASDAQ:CRTO) had its price objective lifted by Wells Fargo & Company from $63.00 to $68.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 45.64% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Benchmark reaffirmed a “buy” rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday. Susquehanna decreased their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. DA Davidson raised their price target on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley increased their price target on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Criteo presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Criteo Trading Up 3.4 %

Shares of CRTO stock traded up $1.52 during trading hours on Thursday, reaching $46.69. 77,304 shares of the company’s stock were exchanged, compared to its average volume of 447,355. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 31.83 and a beta of 1.05. Criteo has a fifty-two week low of $30.11 and a fifty-two week high of $49.93. The stock’s 50 day moving average is $40.08 and its 200-day moving average is $41.57.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 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%. Equities analysts anticipate that Criteo will post 2.67 EPS for the current year.

Insider Activity

In related news, insider Brian Gleason sold 1,924 shares of the firm’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 transaction, the insider now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan Damon sold 2,793 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the transaction, the insider now directly owns 115,646 shares in the company, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,541 shares of company stock worth $860,406 in the last ninety days. Company insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after buying an additional 21,509 shares during the period. Seizert Capital Partners LLC acquired a new position in Criteo in the 3rd quarter valued at about $1,405,000. Stifel Financial Corp increased its stake in Criteo by 263.5% during the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after purchasing an additional 15,067 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Criteo by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after purchasing an additional 80,424 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after purchasing an additional 1,787 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.