Morgan Stanley Increases Criteo (NASDAQ:CRTO) Price Target to $44.00

Criteo (NASDAQ:CRTO) had its price target hoisted by stock analysts at Morgan Stanley from $42.00 to $44.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the information services provider’s stock. Morgan Stanley’s price objective points to a potential downside of 2.59% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday. DA Davidson boosted their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com raised shares of Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Susquehanna reduced their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.44.

Criteo Stock Performance

Shares of CRTO stock opened at $45.17 on Thursday. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 30.73 and a beta of 1.05. Criteo has a one year low of $25.93 and a one year high of $49.93. The company has a 50 day moving average price of $40.08 and a 200 day moving average price of $41.57.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. As a group, equities analysts forecast that Criteo will post 2.67 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at approximately $12,587,396.08. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 2,885 shares of Criteo stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the completion of the transaction, the insider now owns 118,334 shares of the company’s stock, valued at $4,775,960.24. This trade represents a 2.38 % 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 ninety days. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of Criteo during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC bought a new stake in Criteo during the third quarter valued at $50,000. GAMMA Investing LLC raised its holdings 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 during the period. Blue Trust Inc. lifted its position in shares of Criteo by 99.5% in the 3rd quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after buying an additional 1,840 shares during the last quarter. Finally, Palumbo Wealth Management LLC acquired a new position in shares of Criteo in the 4th quarter valued at about $208,000. Institutional investors own 94.27% of the company’s stock.

About Criteo

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.