Criteo (NASDAQ:CRTO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Criteo (NASDAQ:CRTO) had its price target upped by Wells Fargo & Company from $63.00 to $68.00 in a research note published on Thursday,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

Several other equities analysts have also commented on CRTO. Benchmark restated a “buy” rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Morgan Stanley increased their target price on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday. BMO Capital Markets increased their target price on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, DA Davidson increased their target price on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Criteo has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Stock Up 1.6 %

CRTO opened at $45.89 on Thursday. The company has a 50 day moving average of $40.15 and a two-hundred day moving average of $41.60. Criteo has a 52-week low of $30.11 and a 52-week high of $49.93. The company has a market cap of $2.53 billion, a P/E ratio of 31.22 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 4.52% and a return on equity of 15.56%. Research analysts anticipate that Criteo will post 2.67 earnings per share for the current year.

Insider Activity

In other Criteo news, insider Ryan Damon sold 2,885 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the sale, the insider now owns 118,334 shares in the company, valued at approximately $4,775,960.24. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction that occurred 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 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 21,541 shares of company stock worth $860,406 in the last 90 days. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Senvest Management LLC grew its holdings in Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after buying an additional 475,530 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in Criteo by 230.1% in the 3rd 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 buying an additional 1,756,507 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Criteo by 42.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after buying an additional 547,718 shares in the last quarter. Congress Asset Management Co. acquired a new position in Criteo in the 3rd quarter valued at $48,653,000. Finally, BNP Paribas Financial Markets grew its holdings in Criteo by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after buying an additional 103,593 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.