Criteo (NASDAQ:CRTO) PT Raised to $38.00 at Morgan Stanley

Criteo (NASDAQ:CRTOGet Rating) had its price objective lifted by analysts at Morgan Stanley from $35.00 to $38.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the information services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 35.38% from the stock’s current price.

Several other equities research analysts also recently issued reports on CRTO. JPMorgan Chase & Co. dropped their target price on Criteo from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 25th. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Monday, December 12th. Finally, Citigroup assumed coverage on shares of Criteo in a report on Tuesday, December 13th. They issued a “buy” rating and a $36.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.29.

Criteo Price Performance

NASDAQ:CRTO opened at $28.07 on Wednesday. The company has a market cap of $1.69 billion, a P/E ratio of 15.26 and a beta of 0.80. The stock’s fifty day moving average price is $26.49 and its two-hundred day moving average price is $26.19. Criteo has a 1 year low of $20.56 and a 1 year high of $36.94.

Criteo (NASDAQ:CRTOGet Rating) last posted its earnings results on Friday, October 28th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.07). The company had revenue of $213.38 million for the quarter, compared to analysts’ expectations of $221.46 million. Criteo had a return on equity of 13.20% and a net margin of 5.60%. On average, analysts expect that Criteo will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In related news, CEO Megan Clarken sold 3,645 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $26.34, for a total value of $96,009.30. Following the transaction, the chief executive officer now owns 400,563 shares of the company’s stock, valued at $10,550,829.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Megan Clarken sold 3,645 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $26.34, for a total value of $96,009.30. Following the transaction, the chief executive officer now owns 400,563 shares of the company’s stock, valued at $10,550,829.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 2,000 shares of the stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $26.48, for a total value of $52,960.00. Following the completion of the transaction, the insider now directly owns 142,348 shares in the company, valued at approximately $3,769,375.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,019 shares of company stock valued at $1,749,021. 0.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. DNB Asset Management AS grew its stake in shares of Criteo by 3.2% during the fourth quarter. DNB Asset Management AS now owns 5,505,480 shares of the information services provider’s stock valued at $143,473,000 after buying an additional 170,968 shares during the last quarter. River & Mercantile Asset Management LLP grew its stake in shares of Criteo by 1.0% during the third quarter. River & Mercantile Asset Management LLP now owns 140,723 shares of the information services provider’s stock valued at $3,805,000 after buying an additional 1,420 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Criteo by 2.4% during the third quarter. Neuberger Berman Group LLC now owns 5,330,742 shares of the information services provider’s stock valued at $143,985,000 after buying an additional 124,237 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Criteo during the third quarter valued at about $903,000. Finally, PARUS FINANCE UK Ltd grew its stake in shares of Criteo by 4.1% during the third quarter. PARUS FINANCE UK Ltd now owns 81,745 shares of the information services provider’s stock valued at $2,210,000 after buying an additional 3,210 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.

About Criteo

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Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and 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.

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