Criteo (NASDAQ:CRTO) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Criteo (NASDAQ:CRTO) from a market perform rating to an outperform rating in a research report released on Friday morning, Marketbeat.com reports. BMO Capital Markets currently has $45.00 target price on the information services provider’s stock, up from their previous target price of $31.00.

Other equities analysts have also issued reports about the company. TheStreet upgraded Criteo from a c rating to a b- rating in a report on Friday, February 9th. Benchmark restated a buy rating and set a $40.00 target price on shares of Criteo in a report on Tuesday, April 30th. Wells Fargo & Company upgraded Criteo from an equal weight rating to an overweight rating and raised their target price for the company from $28.00 to $41.00 in a report on Thursday, February 8th. Susquehanna lifted their price objective on Criteo from $33.00 to $40.00 and gave the stock a neutral rating in a research note on Monday, May 6th. Finally, DA Davidson lifted their price objective on Criteo from $35.00 to $43.00 and gave the stock a neutral rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Criteo presently has an average rating of Moderate Buy and an average price target of $39.44.

Criteo Trading Up 4.1 %

CRTO opened at $39.00 on Friday. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 40.21 and a beta of 0.95. Criteo has a 1 year low of $22.10 and a 1 year high of $39.54. The stock has a fifty day moving average price of $35.93 and a 200 day moving average price of $30.23.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.14. Criteo had a return on equity of 12.33% and a net margin of 2.96%. The company had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. As a group, sell-side analysts forecast that Criteo will post 2.26 earnings per share for the current fiscal year.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the transaction, the chief executive officer now directly owns 552,933 shares in the company, valued at $19,352,655. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the transaction, the chief executive officer now directly owns 552,933 shares in the company, valued at $19,352,655. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total value of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares in the company, valued at $11,584,012.80. The disclosure for this sale can be found here. Insiders have sold 40,565 shares of company stock worth $1,496,522 over the last three months. Company insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

A number of institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its holdings in Criteo by 5.2% during the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after purchasing an additional 682 shares in the last quarter. Covestor Ltd boosted its holdings in Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares in the last quarter. CenterBook Partners LP boosted its holdings in Criteo by 6.0% during the third quarter. CenterBook Partners LP now owns 13,432 shares of the information services provider’s stock valued at $392,000 after purchasing an additional 766 shares in the last quarter. Sei Investments Co. boosted its holdings in Criteo by 0.8% during the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after purchasing an additional 768 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Criteo by 7.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock valued at $287,000 after purchasing an additional 822 shares in the last quarter. 94.27% of the stock is 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.