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

Criteo (NASDAQ:CRTO) had its target price boosted by research analysts at BMO Capital Markets from $48.00 to $60.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the information services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 31.87% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. DA Davidson lifted their target price on Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company decreased their target price on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Susquehanna reduced their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Benchmark reiterated a “buy” rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Criteo currently has a consensus rating of “Moderate Buy” and an average target price of $52.90.

Criteo Stock Down 0.8 %

Criteo stock opened at $45.50 on Thursday. Criteo has a 52 week low of $30.76 and a 52 week high of $49.93. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.05. The stock has a 50-day moving average price of $40.15 and a 200 day moving average price of $41.60.

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 return on equity of 15.56% and a net margin of 4.52%. Research analysts anticipate that Criteo will post 2.67 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian Gleason sold 1,924 shares of Criteo stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now directly owns 137,161 shares of the company’s stock, valued at $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $374,702.24. Following the completion of the sale, the chief executive officer now directly 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. Insiders sold 21,541 shares of company stock worth $860,406 over the last three months. 1.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

Institutional investors have recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Criteo in the third quarter worth approximately $31,000. Farther Finance Advisors LLC acquired a new stake in shares of Criteo in the third quarter worth approximately $50,000. GAMMA Investing LLC boosted its stake in shares of Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after acquiring an additional 869 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after acquiring an additional 1,840 shares during the last quarter. Finally, Palumbo Wealth Management LLC acquired a new stake in shares of Criteo in the fourth quarter worth approximately $208,000. 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.