Wells Fargo & Company Initiates Coverage on Criteo (NASDAQ:CRTO)

Research analysts at Wells Fargo & Company started coverage on shares of Criteo (NASDAQ:CRTO - Get Free Report) in a research report issued on Monday, Benzinga reports. The firm set an "overweight" rating and a $70.00 price target on the information services provider's stock. Wells Fargo & Company's price target would suggest a potential upside of 70.98% from the company's previous close.

CRTO has been the subject of a number of other reports. Macquarie raised their price target on Criteo from $45.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Susquehanna boosted their target price on shares of Criteo from $40.00 to $50.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 21st. Finally, Benchmark reissued a "buy" rating and issued a $56.00 price objective on shares of Criteo in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.33.

Criteo Stock Down 0.9 %

CRTO traded down $0.37 during trading on Monday, reaching $40.94. The company had a trading volume of 526,843 shares, compared to its average volume of 351,615. Criteo has a 52 week low of $22.10 and a 52 week high of $49.93. The stock has a market cap of $2.32 billion, a P/E ratio of 42.21 and a beta of 0.99. The business has a 50 day simple moving average of $43.20 and a 200-day simple moving average of $40.66.

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The firm had revenue of $471.31 million during the quarter, compared to analysts' expectations of $263.64 million. During the same period in the previous year, the company earned $0.12 EPS. The firm's revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts expect that Criteo will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

A number of large investors have recently modified their holdings of CRTO. GAMMA Investing LLC grew its stake in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock valued at $28,000 after purchasing an additional 297 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Criteo by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider's stock valued at $484,000 after acquiring an additional 682 shares during the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Criteo by 1.2% during the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider's stock worth $2,198,000 after purchasing an additional 686 shares during the last quarter. Covestor Ltd raised its holdings in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider's stock worth $64,000 after purchasing an additional 718 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Criteo by 0.8% during the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider's stock valued at $3,549,000 after purchasing an additional 768 shares during the period. 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.

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