Criteo (NASDAQ:CRTO) Price Target Increased to $37.00 by Analysts at KeyCorp

Criteo (NASDAQ:CRTO) had its price objective lifted by KeyCorp from $36.00 to $37.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the information services provider’s stock.

A number of other equities research analysts have also issued reports on the stock. DA Davidson upped their price objective on shares of Criteo from $27.00 to $35.00 and gave the company a neutral rating in a report on Monday, March 4th. BMO Capital Markets upped their price objective 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. Susquehanna upped their price objective on shares of Criteo from $26.00 to $33.00 and gave the company a neutral rating in a report on Thursday, February 8th. TheStreet raised shares of Criteo from a c rating to a b- rating in a report on Friday, February 9th. Finally, Benchmark reaffirmed a buy rating and set a $40.00 target price on shares of Criteo in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $35.22.

Criteo Trading Up 0.3 %

Shares of CRTO opened at $35.15 on Wednesday. Criteo has a 12-month low of $22.10 and a 12-month high of $37.38. The firm has a 50-day moving average price of $34.58 and a 200 day moving average price of $29.02. The firm has a market capitalization of $1.97 billion, a P/E ratio of 39.49 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.30. Criteo had a net margin of 2.73% and a return on equity of 10.42%. The firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $300.35 million. Equities research analysts predict that Criteo will post 2.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 9,653 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $315,556.57. Following the completion of the transaction, the chief financial officer now owns 293,019 shares of the company’s stock, valued at $9,578,791.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Sarah Js Glickman sold 9,653 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $315,556.57. Following the completion of the transaction, the chief financial officer now owns 293,019 shares of the company’s stock, valued at $9,578,791.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the chief executive officer now directly 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. Insiders sold a total of 88,607 shares of company stock valued at $2,932,315 over the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRTO. CenterBook Partners LP raised its holdings in Criteo by 6.0% in the third quarter. CenterBook Partners LP now owns 13,432 shares of the information services provider’s stock valued at $392,000 after acquiring an additional 766 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Criteo by 7.8% in 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 acquiring an additional 822 shares in the last quarter. Citigroup Inc. acquired a new stake in Criteo in the third quarter valued at 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. raised its holdings in Criteo by 5.3% in 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. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.