Criteo (NASDAQ:CRTO) Price Target Raised to $51.00

Key Points

• BMO Capital Markets has increased Criteo's (NASDAQ:CRTO) price target from $49.00 to $51.00, signaling a potential upside of 122.03% from the previous close.
• Despite the optimistic outlook from BMO, other analysts have lowered their price targets, with benchmark ratings ranging from a sell to outperform, leading to a consensus target price of $42.90.
• Criteo reported quarterly earnings of $0.92 EPS, exceeding expectations, with a revenue increase of 2.5% year-over-year to $292 million.

Criteo (NASDAQ:CRTO - Get Free Report) had its price target hoisted by BMO Capital Markets from $49.00 to $51.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the information services provider's stock. BMO Capital Markets' price objective points to a potential upside of 120.59% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. Benchmark lowered their price objective on shares of Criteo from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. DA Davidson lowered their price objective on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on shares of Criteo from $54.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Finally, Morgan Stanley decreased their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

Criteo Stock Down 1.6%

Shares of Criteo stock traded down $0.38 during trading hours on Thursday, reaching $23.12. 425,586 shares of the company's stock were exchanged, compared to its average volume of 455,303. Criteo has a 1 year low of $22.43 and a 1 year high of $49.93. The company has a market capitalization of $1.23 billion, a P/E ratio of 9.67 and a beta of 0.43. The business has a fifty day moving average of $24.40 and a two-hundred day moving average of $31.35.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.22. Criteo had a net margin of 7.10% and a return on equity of 16.91%. The business had revenue of $292.00 million during the quarter, compared to analyst estimates of $274.62 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Criteo will post 3.09 EPS for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, insider Ryan Damon sold 2,132 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $25.81, for a total transaction of $55,026.92. Following the sale, the insider directly owned 132,002 shares in the company, valued at approximately $3,406,971.62. The trade was a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 2,465 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $25.81, for a total transaction of $63,621.65. Following the sale, the chief financial officer owned 362,710 shares in the company, valued at $9,361,545.10. The trade was a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,708 shares of company stock valued at $320,444. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Criteo

Several institutional investors have recently made changes to their positions in CRTO. LPL Financial LLC boosted its position in shares of Criteo by 15.1% during the 4th quarter. LPL Financial LLC now owns 19,235 shares of the information services provider's stock worth $761,000 after purchasing an additional 2,527 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Criteo by 10.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 697,146 shares of the information services provider's stock worth $27,579,000 after buying an additional 63,379 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Criteo by 4,200.9% in the 4th quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after buying an additional 559,472 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Criteo by 31.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock worth $245,000 after buying an additional 1,490 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Criteo by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 52,429 shares of the information services provider's stock worth $2,074,000 after buying an additional 3,286 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.