Criteo (NASDAQ:CRTO) Price Target Raised to $57.00

Criteo (NASDAQ:CRTO) had its price objective lifted by DA Davidson from $53.00 to $57.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

A number of other equities analysts also recently commented on the company. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Benchmark reiterated a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday. Wells Fargo & Company decreased their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Susquehanna decreased their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $45.50 on Wednesday. Criteo has a 1 year low of $30.76 and a 1 year high of $49.93. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.05. The stock’s 50-day simple moving average is $40.15 and its 200-day simple moving average is $41.60.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (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, research analysts predict that Criteo will post 2.67 EPS for the current year.

Insider Buying and Selling at Criteo

In other news, insider Brian Gleason sold 3,135 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan Damon sold 2,793 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $42.54, for a total value of $118,814.22. Following the transaction, the insider now owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,541 shares of company stock worth $860,406 over the last ninety days. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC boosted its position in shares of Criteo by 27.1% during the fourth quarter. HighTower Advisors LLC now owns 182,578 shares of the information services provider’s stock worth $7,223,000 after buying an additional 38,924 shares during the period. Amundi acquired a new position in shares of Criteo during the fourth quarter worth approximately $1,330,000. Callan Family Office LLC bought a new stake in Criteo during the fourth quarter worth approximately $443,000. Seizert Capital Partners LLC lifted its position in Criteo by 189.6% in the fourth quarter. Seizert Capital Partners LLC now owns 101,135 shares of the information services provider’s stock worth $4,001,000 after purchasing an additional 66,210 shares during the period. Finally, Atria Investments Inc boosted its stake in Criteo by 57.0% during the 4th quarter. Atria Investments Inc now owns 9,770 shares of the information services provider’s stock valued at $387,000 after purchasing an additional 3,548 shares in the last quarter. 94.27% of the stock is currently 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.