Criteo (NASDAQ:CRTO) Price Target Raised to $40.00

Criteo (NASDAQ:CRTO) had its price target increased by Susquehanna from $33.00 to $40.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the information services provider’s stock.

Other analysts have also issued research reports about the stock. DA Davidson raised their price target on shares of Criteo from $35.00 to $43.00 and gave the company a neutral rating in a report on Friday, May 3rd. Wells Fargo & Company upgraded Criteo from an equal weight rating to an overweight rating and boosted their target price for the stock from $28.00 to $41.00 in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised their price target on Criteo from $31.00 to $40.00 and gave the company a neutral rating in a report on Friday, May 3rd. TheStreet raised Criteo from a c rating to a b- rating in a report on Friday, February 9th. Finally, KeyCorp raised their target price on shares of Criteo from $36.00 to $37.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $37.89.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $37.30 on Monday. Criteo has a 52-week low of $22.10 and a 52-week high of $39.54. The business has a fifty day moving average of $35.05 and a two-hundred day moving average of $29.33. The stock has a market cap of $2.09 billion, a PE ratio of 38.45 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $0.94 by $0.30. The company had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. Analysts predict that Criteo will post 2.3 earnings per share for the current year.

Insider Buying and Selling at Criteo

In related news, insider Ryan Damon sold 21,661 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $37.12, for a total value of $804,056.32. Following the completion of the transaction, the insider now owns 154,569 shares of the company’s stock, valued at $5,737,601.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Sarah Js Glickman sold 9,653 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.69, for a total transaction of $315,556.57. Following the completion of the sale, the chief financial officer now owns 293,019 shares in the company, valued at approximately $9,578,791.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ryan Damon sold 21,661 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $37.12, for a total value of $804,056.32. Following the completion of the sale, the insider now owns 154,569 shares of the company’s stock, valued at $5,737,601.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,268 shares of company stock worth $3,736,371. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

Several large investors have recently bought and sold shares of CRTO. Federated Hermes Inc. grew its stake in shares of Criteo by 17.8% during the third quarter. Federated Hermes Inc. now owns 120,061 shares of the information services provider’s stock worth $3,506,000 after buying an additional 18,128 shares during the last quarter. Citigroup Inc. acquired a new position in Criteo in the 3rd quarter worth about $33,000. Acadian Asset Management LLC raised its position in Criteo by 4.6% in the third quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock valued at $62,853,000 after purchasing an additional 95,391 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Criteo during the third quarter valued at about $15,306,000. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Criteo by 22.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock worth $29,847,000 after purchasing an additional 187,288 shares during the last quarter. 94.27% of the stock is 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.