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

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

Several other equities analysts also recently weighed in on CRTO. Susquehanna raised their price objective on Criteo from $26.00 to $33.00 and gave the company a neutral rating in a research note on Thursday, February 8th. StockNews.com raised Criteo from a buy rating to a strong-buy rating in a research note on Thursday, February 8th. BMO Capital Markets raised their price objective on Criteo from $28.00 to $31.00 and gave the company a market perform rating in a research note on Thursday, February 8th. Wells Fargo & Company raised Criteo from an equal weight rating to an overweight rating and raised their price objective for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. Finally, KeyCorp raised their price objective on Criteo from $36.00 to $37.00 and gave the company an overweight rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $37.11.

Criteo Stock Performance

Criteo stock traded up $0.62 during midday trading on Friday, reaching $37.77. The company’s stock had a trading volume of 209,207 shares, compared to its average volume of 289,190. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $39.54. The stock’s 50 day simple moving average is $34.77 and its 200 day simple moving average is $29.14. The firm has a market capitalization of $2.12 billion, a PE ratio of 38.94 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last released 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. The company had revenue of $316.38 million during the quarter, compared to the consensus estimate of $300.35 million. Criteo had a return on equity of 12.35% and a net margin of 2.96%. Equities analysts predict that Criteo will post 2.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 5,504 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now owns 327,232 shares in the company, valued at $11,584,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Megan Clarken sold 23,331 shares of the business’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 sale, 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 legal filing with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following 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. Over the last 90 days, insiders sold 88,607 shares of company stock valued at $2,932,315. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

Several institutional investors have recently made changes to their positions in the stock. Citigroup Inc. acquired a new position in Criteo in the third quarter valued at $33,000. Mather Group LLC. purchased a new position in shares of Criteo in the 1st quarter worth about $48,000. Barometer Capital Management Inc. acquired a new position in shares of Criteo in the 4th quarter valued at about $119,000. FNY Investment Advisers LLC grew its holdings in shares of Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after purchasing an additional 4,500 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in Criteo during the 1st quarter worth approximately $227,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.