JPMorgan Chase & Co. Raises Criteo (NASDAQ:CRTO) Price Target to $40.00

Criteo (NASDAQ:CRTO) had its target price boosted by JPMorgan Chase & Co. from $31.00 to $40.00 in a report issued on Friday, Benzinga reports. They currently have a neutral rating on the information services provider’s stock.

CRTO has been the topic of a number of other research reports. BMO Capital Markets boosted their price target on shares of Criteo from $28.00 to $31.00 and gave the company a market perform rating in a report on Thursday, February 8th. KeyCorp raised their target price on Criteo from $36.00 to $37.00 and gave the stock an overweight rating in a research report on Wednesday, May 1st. StockNews.com raised Criteo from a buy rating to a strong-buy rating in a research report on Thursday, February 8th. Susquehanna increased their price objective on Criteo from $26.00 to $33.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. Finally, DA Davidson lifted their target price on Criteo from $27.00 to $35.00 and gave the company a neutral rating in a research note on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Criteo presently has a consensus rating of Moderate Buy and a consensus price target of $37.11.

Criteo Stock Up 1.7 %

CRTO opened at $37.77 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 38.94 and a beta of 0.95. The business has a fifty day simple moving average of $34.77 and a 200-day simple moving average of $29.15. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $39.54.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Criteo had a return on equity of 12.35% and a net margin of 2.96%. The firm had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. On average, equities research analysts anticipate that Criteo will post 2.3 EPS for the current fiscal year.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 23,331 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $33.04, for a total transaction of $770,856.24. Following the transaction, the chief executive officer now owns 383,858 shares of the company’s stock, valued at $12,682,668.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Criteo news, insider Ryan Damon sold 7,959 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.69, for a total transaction of $260,179.71. Following the transaction, the insider now directly owns 144,545 shares in the company, valued at $4,725,176.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the sale, the chief executive officer now owns 383,858 shares of the company’s stock, valued at approximately $12,682,668.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,607 shares of company stock valued at $2,932,315. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRTO. Citigroup Inc. acquired a new stake in shares of Criteo in the third quarter worth $33,000. Mather Group LLC. acquired a new position in Criteo during the 1st quarter worth $48,000. Barometer Capital Management Inc. acquired a new position in Criteo during the 4th quarter worth $119,000. FNY Investment Advisers LLC boosted its holdings in Criteo by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock valued at $151,000 after acquiring an additional 4,500 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Criteo in the first quarter valued at about $227,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.