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

Criteo (NASDAQ:CRTO) had its target price upped by JPMorgan Chase & Co. from $31.00 to $40.00 in a research note released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the information services provider’s stock.

CRTO has been the subject of several other research reports. DA Davidson raised their price target on Criteo from $27.00 to $35.00 and gave the company a neutral rating in a report on Monday, March 4th. TheStreet raised shares of Criteo from a c rating to a b- rating in a report on Friday, February 9th. KeyCorp raised their price objective on shares of Criteo from $36.00 to $37.00 and gave the stock an overweight rating in a research report on Wednesday. BMO Capital Markets lifted their price target on Criteo from $28.00 to $31.00 and gave the stock a market perform rating in a report on Thursday, February 8th. Finally, StockNews.com raised shares of Criteo from a buy rating to a strong-buy rating in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Criteo currently has an average rating of Moderate Buy and a consensus price target of $37.11.

Criteo Stock Up 1.7 %

Shares of NASDAQ CRTO traded up $0.62 during trading hours on Friday, hitting $37.77. The company had a trading volume of 209,207 shares, compared to its average volume of 289,190. Criteo has a 1-year low of $22.10 and a 1-year high of $39.54. The firm’s 50 day moving average is $34.77 and its 200-day moving average is $29.14. The stock has a market capitalization of $2.12 billion, a P/E ratio of 38.94 and a beta of 0.95.

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

Insider Activity

In related news, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total transaction of $770,856.24. Following the completion of the sale, the chief executive officer now directly owns 383,858 shares in the company, valued at approximately $12,682,668.32. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Megan Clarken sold 23,331 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 383,858 shares in the company, valued at approximately $12,682,668.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan Damon sold 7,959 shares of the company’s stock in a transaction on 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 owns 144,545 shares of the company’s stock, valued at $4,725,176.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,607 shares of company stock worth $2,932,315. Insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

A number of large investors have recently bought and sold shares of the business. CenterBook Partners LP raised its holdings in shares of 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 during the period. Robeco Institutional Asset Management B.V. raised its stake in Criteo by 7.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock worth $287,000 after buying an additional 822 shares during the period. Citigroup Inc. bought a new position in Criteo in the third quarter worth approximately $33,000. Mather Group LLC. acquired a new stake in Criteo in the first quarter valued at approximately $48,000. Finally, Black Creek Investment Management Inc. increased its holdings in shares of Criteo by 5.3% during the third quarter. Black Creek Investment Management Inc. now owns 39,733 shares of the information services provider’s stock valued at $1,160,000 after acquiring an additional 2,000 shares in the last quarter. 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.