Criteo (NASDAQ:CRTO) Price Target Raised to $60.00

Criteo (NASDAQ:CRTO - Get Free Report) had its price objective upped by equities 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 suggest a potential upside of 35.95% from the stock's previous close.

A number of other research analysts also recently commented on the company. StockNews.com raised Criteo from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on Criteo from $66.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Benchmark restated a "buy" rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. Susquehanna reduced their price objective on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Finally, DA Davidson boosted their target price on shares of Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $52.90.

Criteo Stock Down 3.0 %

Shares of CRTO traded down $1.37 during mid-day trading on Thursday, reaching $44.14. 270,985 shares of the stock traded hands, compared to its average volume of 476,398. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 26.27 and a beta of 1.05. The stock has a fifty day simple moving average of $40.24 and a 200 day simple moving average of $41.55. Criteo has a 12-month low of $30.76 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings data 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 net margin of 5.08% and a return on equity of 16.37%. On average, equities research analysts expect that Criteo will post 2.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, insider Brian Gleason sold 3,135 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares of the company's stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan Damon sold 2,793 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the transaction, the insider now owns 115,646 shares of the company's stock, valued at approximately $4,919,580.84. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,541 shares of company stock valued at $860,406 over the last quarter. Insiders own 1.71% of the company's stock.

Institutional Trading of Criteo

Hedge funds have recently added to or reduced their stakes in the business. Whale Rock Capital Management LLC increased its holdings in shares of Criteo by 230.1% during the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider's stock valued at $101,399,000 after purchasing an additional 1,756,507 shares during the period. Congress Asset Management Co. bought a new position in Criteo in the 3rd quarter valued at about $48,653,000. ANTIPODES PARTNERS Ltd increased its stake in Criteo by 41,776.0% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock valued at $39,348,000 after buying an additional 992,180 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Criteo by 42.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider's stock worth $74,567,000 after buying an additional 547,718 shares in the last quarter. Finally, Senvest Management LLC lifted its stake in shares of Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock worth $116,526,000 after acquiring an additional 475,530 shares during the period. 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.