Criteo (NASDAQ:CRTO) Price Target Raised to $68.00 at Wells Fargo & Company

Criteo (NASDAQ:CRTO) had its price objective hoisted by Wells Fargo & Company from $63.00 to $68.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the information services provider’s stock.

Several other brokerages have also recently issued reports on CRTO. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. DA Davidson increased their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday. 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 report on Thursday. Finally, Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Criteo presently has an average rating of “Moderate Buy” and an average price target of $52.90.

Criteo Trading Up 1.6 %

Shares of NASDAQ CRTO opened at $45.89 on Thursday. The firm’s 50-day moving average price is $40.15 and its 200-day moving average price is $41.60. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 31.22 and a beta of 1.05. Criteo has a 12-month low of $30.11 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 4.52% and a return on equity of 15.56%. On average, equities analysts predict that Criteo will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction 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. This represents a 1.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan Damon sold 2,885 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $116,438.60. Following the completion of the sale, the insider now owns 118,334 shares in the company, valued at $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 Trading of Criteo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Waterfront Wealth Inc. lifted its stake 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 valued at $1,945,000 after purchasing an additional 335 shares during the period. Assetmark Inc. lifted its stake in shares of Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 424 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Criteo by 3.5% in the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after purchasing an additional 518 shares during the period. Geode Capital Management LLC raised its position in Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after acquiring an additional 518 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Criteo during the third quarter worth about $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.