Wells Fargo & Company Raises Criteo (NASDAQ:CRTO) Price Target to $68.00

Criteo (NASDAQ:CRTO) had its target price upped by equities researchers at Wells Fargo & Company from $63.00 to $68.00 in a report released 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 suggest a potential upside of 49.45% from the stock’s previous close.

CRTO has been the subject of several other research reports. DA Davidson increased their price target on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna dropped their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. BMO Capital Markets raised their target price on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $51.00 price target on shares of Criteo in a research report on Tuesday. Finally, Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Criteo has a consensus rating of “Moderate Buy” and a consensus price target of $52.90.

Criteo Stock Down 0.8 %

CRTO stock opened at $45.50 on Thursday. Criteo has a twelve month low of $30.76 and a twelve month high of $49.93. The company has a market cap of $2.51 billion, a PE ratio of 30.95 and a beta of 1.05. The business’s 50-day simple moving average is $40.15 and its 200 day simple moving average is $41.60.

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

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the transaction, the chief financial officer now owns 311,878 shares of the company’s stock, valued at $12,587,396.08. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now owns 137,161 shares in the company, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,541 shares of company stock valued at $860,406 over the last ninety days. 1.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Criteo

Several large investors have recently bought and sold shares of CRTO. Charles Schwab Investment Management Inc. raised its position in shares of Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after acquiring an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Criteo during the third quarter worth $1,405,000. Stifel Financial Corp increased its holdings in Criteo by 263.5% in the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after purchasing an additional 15,067 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after buying an additional 80,424 shares during the period. Finally, Barclays PLC boosted its holdings in Criteo by 40.6% during the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after buying an additional 1,787 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.