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

Criteo (NASDAQ:CRTO) had its price target lifted by equities research analysts at Wells Fargo & Company from $63.00 to $68.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 49.45% from the stock’s previous close.

CRTO has been the subject of a number of other reports. StockNews.com raised shares of Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. DA Davidson increased their price target on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday. BMO Capital Markets raised their target price on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Susquehanna cut their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.90.

Criteo Trading Down 0.8 %

NASDAQ CRTO opened at $45.50 on Thursday. The company has a 50-day moving average price of $40.15 and a two-hundred day moving average price of $41.60. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.05. Criteo has a 52 week low of $30.76 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO) last announced its quarterly 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, equities research analysts expect that Criteo will post 2.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 2,793 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the sale, the insider now directly owns 115,646 shares of the company’s stock, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Gleason sold 1,924 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total value of $73,265.92. Following the completion of the transaction, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,541 shares of company stock worth $860,406 in the last quarter. 1.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. USA Financial Formulas acquired a new position in Criteo during the third quarter worth $31,000. Farther Finance Advisors LLC acquired a new position in Criteo during the third quarter valued at approximately $50,000. GAMMA Investing LLC raised its holdings in Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after acquiring an additional 869 shares during the period. Blue Trust Inc. increased its stake in shares of Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock worth $139,000 after purchasing an additional 1,840 shares during the period. Finally, Palumbo Wealth Management LLC acquired a new position in shares of Criteo during the 4th quarter worth about $208,000. Institutional investors and hedge funds 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.