Criteo (NASDAQ:CRTO) Price Target Raised to $43.00 at DA Davidson

Criteo (NASDAQ:CRTO) had its target price raised by DA Davidson from $35.00 to $43.00 in a report published on Friday morning, Benzinga reports. DA Davidson currently has a neutral rating on the information services provider’s stock.

Several other analysts also recently commented on the company. KeyCorp increased their target price on Criteo from $36.00 to $37.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on Criteo from $31.00 to $40.00 and gave the company a neutral rating in a research report on Friday. BMO Capital Markets boosted their target price on Criteo from $28.00 to $31.00 and gave the stock a market perform rating in a research report on Thursday, February 8th. Benchmark reaffirmed a buy rating and set a $40.00 price target on shares of Criteo in a report on Tuesday, April 30th. Finally, Wells Fargo & Company upgraded shares of Criteo from an equal weight rating to an overweight rating and increased their price objective for the company from $28.00 to $41.00 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $37.89.

Criteo Price Performance

Shares of Criteo stock opened at $37.22 on Friday. 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 $34.86 and its 200 day moving average is $29.21. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 38.37 and a beta of 0.95.

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

Insider Buying and Selling at Criteo

In other news, CFO Sarah Js Glickman sold 9,653 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 value of $315,556.57. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other Criteo 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 value 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 $12,682,668.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 9,653 shares of the stock in a transaction on Monday, February 26th. The stock was 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 directly owns 293,019 shares of the company’s stock, valued at $9,578,791.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,607 shares of company stock valued at $2,932,315. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRTO. Citigroup Inc. bought a new stake in Criteo during the third quarter valued at about $33,000. Mather Group LLC. purchased a new stake in shares of Criteo during the first quarter worth about $48,000. Barometer Capital Management Inc. bought a new stake in Criteo during the 4th quarter valued at approximately $119,000. FNY Investment Advisers LLC raised its stake in Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 4,500 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in Criteo in the 1st quarter worth approximately $227,000. 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.