Criteo (NASDAQ:CRTO) Price Target Raised to $60.00

Criteo (NASDAQ:CRTO) had its price objective lifted by BMO Capital Markets from $48.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the information services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 32.83% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Benchmark reiterated a “buy” rating and set a $51.00 price objective on shares of Criteo in a research note on Tuesday. DA Davidson raised their price target on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna decreased their price objective 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. Wells Fargo & Company dropped their target price on Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Criteo currently has an average rating of “Moderate Buy” and a consensus target price of $50.89.

Criteo Price Performance

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

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. Research analysts expect that Criteo will post 2.67 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Brian Gleason sold 1,924 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now owns 137,161 shares of the company’s stock, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan Damon sold 2,885 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $116,438.60. Following the sale, the insider now owns 118,334 shares of the company’s stock, valued at approximately $4,775,960.24. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,541 shares of company stock worth $860,406. 1.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRTO. Sanctuary Advisors LLC purchased a new stake in Criteo in the second quarter valued at approximately $1,327,000. Handelsbanken Fonder AB lifted its stake in Criteo by 17.7% in the third quarter. Handelsbanken Fonder AB now owns 13,300 shares of the information services provider’s stock worth $535,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Criteo by 117.8% during the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after purchasing an additional 869 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Criteo during the 3rd quarter worth about $31,000. Finally, Blue Trust Inc. boosted its holdings in Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock valued at $139,000 after purchasing an additional 1,840 shares in the last quarter. 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.