Criteo (CRTO) Given New $32.00 Price Target at BMO Capital Markets

Criteo (NASDAQ:CRTO) had its price objective hoisted by equities researchers at BMO Capital Markets from $26.00 to $32.00 in a report released on Thursday. The firm presently has a “market perform” rating on the information services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 5.79% from the company’s previous close.

Several other research analysts have also commented on CRTO. BidaskClub upgraded Criteo from a “strong sell” rating to a “sell” rating in a report on Thursday. KeyCorp upgraded Criteo from a “sector weight” rating to an “overweight” rating in a report on Wednesday. TheStreet lowered Criteo from a “b-” rating to a “c+” rating in a report on Monday, November 20th. Citigroup reduced their price target on Criteo from $61.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Finally, SunTrust Banks set a $35.00 price target on Criteo and gave the stock a “buy” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Criteo has a consensus rating of “Hold” and an average price target of $43.69.

Shares of Criteo (NASDAQ CRTO) traded up $6.86 during mid-day trading on Thursday, reaching $30.25. The company’s stock had a trading volume of 6,011,500 shares, compared to its average volume of 967,649. The stock has a market cap of $1,543.58, a price-to-earnings ratio of 25.89, a P/E/G ratio of 1.14 and a beta of 2.25. Criteo has a 12 month low of $21.00 and a 12 month high of $56.00.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 14th. The information services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $0.93 by $0.28. Criteo had a return on equity of 14.20% and a net margin of 3.54%. The business had revenue of $277.00 million for the quarter, compared to analyst estimates of $262.02 million. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. equities analysts expect that Criteo will post 1.65 EPS for the current year.

In related news, CEO Eric Eichmann sold 7,153 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $24.87, for a total value of $177,895.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $24.78, for a total transaction of $31,247.58. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its holdings in Criteo by 110.8% in the 4th quarter. Millennium Management LLC now owns 621,803 shares of the information services provider’s stock valued at $16,186,000 after buying an additional 326,870 shares during the period. International Value Advisers LLC purchased a new stake in Criteo in the 4th quarter valued at about $43,764,000. Deutsche Bank AG raised its holdings in Criteo by 100.8% in the 4th quarter. Deutsche Bank AG now owns 1,421,163 shares of the information services provider’s stock valued at $36,992,000 after buying an additional 713,257 shares during the period. Profund Advisors LLC raised its holdings in Criteo by 35.9% in the 4th quarter. Profund Advisors LLC now owns 30,024 shares of the information services provider’s stock valued at $782,000 after buying an additional 7,935 shares during the period. Finally, Invictus RG purchased a new stake in Criteo in the 4th quarter valued at about $362,000. Hedge funds and other institutional investors own 80.06% of the company’s stock.

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Criteo Company Profile

Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.

Analyst Recommendations for Criteo (NASDAQ:CRTO)

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