BMO Capital Markets Boosts Criteo (NASDAQ:CRTO) Price Target to $60.00

Criteo (NASDAQ:CRTO) had its target price hoisted by stock analysts at BMO Capital Markets from $48.00 to $60.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the information services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 32.83% from the company’s previous close.

A number of other research firms also recently commented on CRTO. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a research report on Tuesday. DA Davidson lifted their price target on Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective 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 on the stock in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.89.

Criteo Stock Performance

CRTO opened at $45.17 on Thursday. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 30.73 and a beta of 1.05. The company has a fifty day moving average of $40.08 and a 200 day moving average of $41.57. Criteo has a fifty-two week low of $25.93 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that Criteo will post 2.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brian Gleason sold 3,135 shares of Criteo stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the transaction, the insider now directly owns 139,085 shares of the company’s stock, valued at $5,139,190.75. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan Damon sold 2,885 shares of the stock in a transaction on Monday, November 25th. The shares were 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 $4,775,960.24. This trade represents a 2.38 % 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 ninety days. 1.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CRTO. USA Financial Formulas acquired a new stake in Criteo in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC purchased a new stake in shares of Criteo during the 3rd quarter valued at $50,000. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 869 shares in the last quarter. Blue Trust Inc. grew its stake in Criteo by 99.5% during the 3rd 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 last quarter. Finally, Palumbo Wealth Management LLC acquired a new position in Criteo during the 4th quarter valued at about $208,000. 94.27% of the stock is owned by institutional investors.

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.