BMO Capital Markets Raises Criteo (NASDAQ:CRTO) Price Target to $55.00

Criteo (NASDAQ:CRTO) had its price objective raised by BMO Capital Markets from $45.00 to $55.00 in a research note published on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the information services provider’s stock.

CRTO has been the subject of several other reports. Susquehanna lifted their target price on shares of Criteo from $40.00 to $50.00 and gave the company a neutral rating in a report on Friday. Benchmark reiterated a buy rating and set a $40.00 target price on shares of Criteo in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Criteo from $31.00 to $40.00 and gave the company a neutral rating in a research report on Friday, May 3rd. KeyCorp downgraded shares of Criteo from an overweight rating to a sector weight rating in a research report on Tuesday, July 30th. Finally, DA Davidson raised their price target on shares of Criteo from $35.00 to $43.00 and gave the company a neutral rating in a research report on Friday, May 3rd. 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. According to MarketBeat.com, Criteo currently has an average rating of Moderate Buy and an average target price of $49.80.

Criteo Price Performance

CRTO traded up $0.44 on Friday, hitting $43.88. The company had a trading volume of 176,292 shares, compared to its average volume of 345,704. The stock has a fifty day simple moving average of $39.62 and a 200-day simple moving average of $35.58. Criteo has a 52-week low of $22.10 and a 52-week high of $49.00. The firm has a market capitalization of $2.49 billion, a P/E ratio of 44.78 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last released its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $263.64 million. During the same period last year, the business earned $0.12 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Equities research analysts expect that Criteo will post 2.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the sale, the chief financial officer now owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total transaction of $250,013.04. Following the transaction, the chief financial officer now owns 320,201 shares in the company, valued at approximately $14,565,943.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Damon sold 946 shares of Criteo stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total transaction of $36,884.54. Following the transaction, the insider now owns 153,623 shares in the company, valued at approximately $5,989,760.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,003 shares of company stock valued at $812,355. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 297 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Criteo during the 1st quarter valued at $48,000. Covestor Ltd lifted its stake in shares of Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after buying an additional 718 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after buying an additional 1,823 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in Criteo in the 4th quarter worth $119,000. 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.