Criteo (NASDAQ:CRTO) Price Target Raised to $39.00 at Morgan Stanley

Criteo (NASDAQ:CRTO) had its target price boosted by Morgan Stanley from $30.00 to $39.00 in a research report sent to investors on Monday, Price Targets.com reports. The firm currently has an equal weight rating on the information services provider’s stock.

Several other equities analysts have also recently commented on CRTO. Zacks Investment Research cut shares of Criteo from a buy rating to a hold rating in a report on Tuesday, August 31st. Rosenblatt Securities upped their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock a buy rating in a report on Thursday, August 5th. Finally, BMO Capital Markets upped their price objective on shares of Criteo from $45.00 to $52.00 and gave the stock an outperform rating in a report on Thursday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $39.58.

CRTO opened at $37.34 on Monday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 26.67 and a beta of 1.09. Criteo has a 1-year low of $12.07 and a 1-year high of $46.65. The business has a 50 day moving average price of $36.48 and a two-hundred day moving average price of $38.26.

Criteo (NASDAQ:CRTO) last released its earnings results on Tuesday, August 3rd. The information services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. The firm had revenue of $220.00 million during the quarter, compared to the consensus estimate of $208.75 million. Criteo had a return on equity of 12.28% and a net margin of 3.95%. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. As a group, research analysts predict that Criteo will post 1.82 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Criteo during the second quarter worth $957,000. black and white Capital LP acquired a new stake in shares of Criteo during the second quarter worth $7,816,000. Dendur Capital LP raised its holdings in shares of Criteo by 25.9% during the second quarter. Dendur Capital LP now owns 779,018 shares of the information services provider’s stock worth $35,235,000 after acquiring an additional 160,499 shares during the period. Orchard Capital Managment LLC increased its stake in Criteo by 20.2% in the 2nd quarter. Orchard Capital Managment LLC now owns 424,993 shares of the information services provider’s stock valued at $19,222,000 after buying an additional 71,458 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Criteo by 17.6% in the 2nd quarter. Invesco Ltd. now owns 1,918,818 shares of the information services provider’s stock valued at $86,788,000 after buying an additional 286,708 shares during the last quarter. Institutional investors and hedge funds own 84.05% of the company’s stock.

Criteo Company Profile

Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include Criteo Marketing Solutions, Criteo Shopper Graph, Criteo AI Engine, Criteo Retail Media, and Publisher Network.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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