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

Criteo (NASDAQ:CRTO) had its target price upped by research analysts at Wells Fargo & Company from $63.00 to $68.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 45.64% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. 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 note on Wednesday. Susquehanna decreased their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. BMO Capital Markets increased their target price on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised their price objective on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Criteo has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Criteo Trading Up 3.4 %

NASDAQ:CRTO traded up $1.52 during trading hours on Thursday, hitting $46.69. The company’s stock had a trading volume of 77,304 shares, compared to its average volume of 447,355. Criteo has a 52-week low of $30.11 and a 52-week high of $49.93. The stock has a market capitalization of $2.58 billion, a P/E ratio of 31.83 and a beta of 1.05. The stock has a fifty day moving average of $40.08 and a 200-day moving average of $41.57.

Criteo (NASDAQ:CRTO) last posted 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 net margin of 4.52% and a return on equity of 15.56%. On average, sell-side analysts forecast that Criteo will post 2.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Gleason sold 3,135 shares of the company’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 of the company’s stock, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 21,541 shares of company stock valued at $860,406 in the last ninety days. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after purchasing an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in shares of Criteo during the 3rd quarter worth about $1,405,000. Stifel Financial Corp boosted its holdings in shares of 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 acquiring an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Criteo by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after acquiring an additional 80,424 shares during the period. Finally, Barclays PLC raised 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 purchasing an additional 1,787 shares in the last quarter. 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.