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

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

A number of other equities analysts have also recently weighed in on the stock. Wells Fargo & Company raised shares of Criteo from an equal weight rating to an overweight rating and increased their price objective for the stock from $28.00 to $41.00 in a research report on Thursday, February 8th. Benchmark reaffirmed a buy rating and issued a $40.00 price objective on shares of Criteo in a research note on Tuesday, April 30th. BMO Capital Markets increased their target price on Criteo from $28.00 to $31.00 and gave the stock a market perform rating in a research note on Thursday, February 8th. Susquehanna lifted their target price on Criteo from $26.00 to $33.00 and gave the company a neutral rating in a research report on Thursday, February 8th. Finally, DA Davidson increased their price target on shares of Criteo from $27.00 to $35.00 and gave the stock a neutral rating in a research report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $37.89.

Criteo Stock Down 1.5 %

Shares of Criteo stock opened at $37.22 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 38.37 and a beta of 0.95. Criteo has a 52 week low of $22.10 and a 52 week high of $39.54. The business’s fifty day simple moving average is $34.86 and its 200-day simple moving average is $29.21.

Criteo (NASDAQ:CRTO) last posted its 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 12.33%. The company had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. As a group, equities analysts expect that Criteo will post 2.3 earnings per share for the current year.

Insider Buying and Selling

In other Criteo news, CEO Megan Clarken sold 23,331 shares of the 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 sale, the chief executive officer now directly owns 383,858 shares of the company’s stock, valued at approximately $12,682,668.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Megan Clarken sold 23,331 shares of the business’s stock in a transaction 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 owns 383,858 shares in the company, valued at $12,682,668.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now directly owns 327,232 shares in the company, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. Insiders sold 88,607 shares of company stock worth $2,932,315 over the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

Several institutional investors have recently added to or reduced their stakes in CRTO. Cadian Capital Management LP increased its stake in Criteo by 70.4% in the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock valued at $107,339,000 after purchasing an additional 1,751,511 shares during the last quarter. Senvest Management LLC raised its stake in Criteo by 20.1% during the 3rd quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock worth $92,670,000 after acquiring an additional 531,546 shares in the last quarter. Acadian Asset Management LLC lifted 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 acquiring an additional 95,391 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Criteo by 22.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock valued at $29,847,000 after acquiring an additional 187,288 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Criteo during the third quarter worth about $15,306,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

About Criteo

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.