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

Criteo (NASDAQ:CRTO) had its price objective increased by equities researchers at BMO Capital Markets from $48.00 to $60.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the information services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 31.87% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday. DA Davidson boosted their target price on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Susquehanna cut their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company cut 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. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Price Performance

Shares of CRTO opened at $45.50 on Thursday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.05. Criteo has a 1 year low of $30.76 and a 1 year high of $49.93. The business’s 50 day simple moving average is $40.15 and its 200-day simple moving average is $41.60.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 15.56% and a net margin of 4.52%. On average, sell-side analysts expect that Criteo will post 2.67 earnings per share for the current year.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the sale, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. This represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the sale, the chief financial officer now owns 311,878 shares of the company’s stock, valued at $12,587,396.08. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,541 shares of company stock valued at $860,406. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after buying an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in Criteo in the third quarter valued at about $1,405,000. Stifel Financial Corp raised its stake in Criteo by 263.5% in the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after buying an additional 15,067 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after buying an additional 80,424 shares during the last quarter. Finally, Barclays PLC raised its stake in 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 buying an additional 1,787 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.