Criteo (NASDAQ:CRTO) Price Target Raised to $44.00 at Morgan Stanley

Criteo (NASDAQ:CRTO) had its price objective increased by Morgan Stanley from $42.00 to $44.00 in a report released on Thursday,Benzinga reports. They currently have an equal weight rating on the information services provider’s stock.

CRTO has been the subject of a number of other research reports. BMO Capital Markets lifted their target price on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday. DA Davidson lifted their price objective on Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna cut their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.90.

Criteo Trading Up 1.6 %

Shares of NASDAQ:CRTO opened at $45.89 on Thursday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 31.22 and a beta of 1.05. The stock has a fifty day simple moving average of $40.15 and a two-hundred day simple moving average of $41.60. Criteo has a 12-month low of $30.11 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO) last posted its earnings results 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 return on equity of 15.56% and a net margin of 4.52%. As a group, equities research analysts predict that Criteo will post 2.67 EPS for the current year.

Insider Activity

In related news, insider Ryan Damon sold 2,885 shares of the business’s stock in a transaction dated 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 directly owns 118,334 shares in the company, valued at approximately $4,775,960.24. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 9,284 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $374,702.24. Following the completion of the sale, the chief executive officer now owns 509,145 shares in the company, valued at $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,541 shares of company stock worth $860,406 over the last ninety days. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. USA Financial Formulas bought a new position in Criteo in the third quarter worth approximately $31,000. Farther Finance Advisors LLC purchased a new stake in Criteo during the third quarter worth $50,000. GAMMA Investing LLC lifted its holdings in Criteo by 117.8% during the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares during the period. Blue Trust Inc. lifted its holdings in Criteo by 99.5% during the third 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 purchased a new stake in Criteo during the fourth quarter worth $208,000. 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.