Wells Fargo & Company Issues Positive Forecast for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO - Get Free Report) had its target price boosted by analysts at Wells Fargo & Company from $63.00 to $68.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the information services provider's stock. Wells Fargo & Company's price target suggests a potential upside of 54.06% from the company's current price.

A number of other research firms have also recently issued reports on CRTO. Susquehanna lowered their price objective on Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday. Benchmark reaffirmed a "buy" rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. StockNews.com raised shares of Criteo from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised their price target on shares of Criteo from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.90.

Criteo Trading Down 3.0 %

NASDAQ:CRTO traded down $1.36 during trading hours on Thursday, hitting $44.14. 344,491 shares of the company traded hands, compared to its average volume of 477,660. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 26.27 and a beta of 1.05. The firm has a 50-day moving average of $40.24 and a 200 day moving average of $41.55. Criteo has a twelve month low of $30.76 and a twelve month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Equities research analysts predict that Criteo will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ryan Damon sold 2,793 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $42.54, for a total transaction of $118,814.22. Following the transaction, the insider now owns 115,646 shares in the company, valued at $4,919,580.84. This represents a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the sale, the chief financial officer now directly owns 311,878 shares in the company, valued at approximately $12,587,396.08. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,541 shares of company stock worth $860,406 in the last three months. Insiders own 1.71% of the company's stock.

Institutional Trading of Criteo

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas bought a new position in Criteo in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC acquired a new stake in Criteo in the third quarter worth about $50,000. GAMMA Investing LLC lifted its position in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock valued at $65,000 after purchasing an additional 869 shares during the period. Blue Trust Inc. grew its position in shares of Criteo by 99.5% during 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 period. Finally, Palumbo Wealth Management LLC bought a new stake in shares of Criteo during the fourth quarter worth approximately $208,000. 94.27% of the stock is owned by institutional investors.

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.